RTX

Raytheon, United Technologies, Collins Aerospace, Pratt & Whitney
Arlington, Virginia
Capital Goods

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

RTX scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. RTX forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. RTX has not publicly terminated business relationships based on views or beliefs, though. The company covers the cost of "medically necessary transition-related care" for its employees and their children. RTX Chairman and CEO signed Catalyst's Champions for Change pledge and its CEO signed the CEO Action for Diversity and Inclusion pledge. Raytheon is a platinum partner of the Human Rights Campaign (HRC) and pledged $25 million to racial justice organizations including the National Urban League and the Equal Justice Initiative. RTX allegedly requires employees to participate in critical race theory training. The company's CEO is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. RTX may discriminate against certain religious charities. For these reasons, RTX receives a High Risk rating.

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Board Bias

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CEO of RTX

Gregory J. Hayes

Gregory J. Hayes

Summary:

Headquartered in Arlington, Virginia, RTX is a member of the Fortune 250 operating in the Capital Goods industry. Gregory J. Hayes and Gregory J. Hayes serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $379,603 to Republican causes and $102,582 to Democratic causes. Under their tenure, RTX currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$379,603

$102,582

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/7/24SocialNorthStar Asset Management Inc. Funded Pension PlanReport on Eliminating Discrimination through Inclusive HiringAgainstN/A
5/25/23SocialNorthStar Asset Management Inc.Report on hiring practices related to people with arrest or incarceration recordsAgainst18.24%
5/2/23EnvironmentalMinnesota Valley TrustShareowner Proposal Requesting a Report on Greenhouse Gas Reduction PlanAgainst37.35%
5/2/23GovernanceJohn CheveddenIndependent Board ChairAgainst43.10%
5/2/23EnvironmentalMinnesota Valley TrustGreenhouse Gas Reduction PlanAgainst37.80%
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