RTX
Corporate Bias Rating
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Risk Level:
Summary:
RTX scored a 100 on the 2023 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 covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. 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. 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 CEO signed the CEO Action for Diversity & Inclusion pledge, and the company allegedly requires employees to participate in critical race theory training. RTX'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.
Board Bias
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CEO of RTX
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.
Political Contributions of Leadership:
$379,603
$102,582
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/7/24 | Social | NorthStar Asset Management Inc. Funded Pension Plan | Report on Eliminating Discrimination through Inclusive Hiring | Against | N/A |
5/25/23 | Social | NorthStar Asset Management Inc. | Report on hiring practices related to people with arrest or incarceration records | Against | 18.24% |
5/2/23 | Environmental | Minnesota Valley Trust | Shareowner Proposal Requesting a Report on Greenhouse Gas Reduction Plan | Against | 37.35% |
5/2/23 | Governance | John Chevedden | Independent Board Chair | Against | 43.10% |
5/2/23 | Environmental | Minnesota Valley Trust | Greenhouse Gas Reduction Plan | Against | 37.80% |