Target

Minneapolis, Minnesota
Food and Staples Retailing, Retailing

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Target has removed certain books from its shelves due to ideological differences, including books questioning transgender ideology. Target scored a 95 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, Target increases the risk of dividing employees, alienating customers and harming shareholders. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Target 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. The company provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. The company sells tuck-friendly and LGBTQ kids apparel that was designed by a Satanist. As a result of this advocacy, Target is currently facing a shareholder lawsuit for the large share value loss that ensued from its transgender advocacy. Target's Chairman and CEO signed Catalyst's Champions for Change pledge, indicating its support of DEI in its leadership composition through the establishment of gender and racial targets. The company offers unconscious bias training for all its team members and a year long training series for HR business partners that promotes equity. Target advocated against the Georgia voting integrity bill. The company signed an open letter in support of the Equality Act, a controversial bill and led the fight on "gender-inclusive" restrooms until a boycott caused the company to install private stalls. Target opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. The company opposed legislation in Iowa intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Target opposed the Florida Parental Rights in Education Act, which would prohibit teaching gender identity and sexual orientation to kids in K-3rd grade. CEO Brian Cornell is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders. Target is a Ceres Network Member, committed to net zero carbon emissions by 2040. To celebrate LGBTQ Pride month in 2023, Target sold compression tops and binders sized for preteens and baby-sized "tuck-friendly" swimsuits. CEO Brian Cornell suggested that conservative customers boycotting the company due to sales of transgender-themed merchandise were more dangerous than rioters from the 2020 George Floyd protests. Target Board Chairman & CEO, Brian Cornell, denounced various states’ legislative efforts to protect election integrity and security. The company’s CEO, Brian Cornell, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. Target pledged $110 million toward racial justice, though it is unclear how much is going toward ideological groups. The company is a Platinum Sponsor of the HRC and donates to the Gay, Lesbian and Straight Education Network (GLSEN). Target has donated over $2.1 million to GLSEN, which aims to provide LGBTQ books to schools, integrate gender ideology into all school curricula, create "anti-racist spaces for LGBTQIA+ students", and "ensure that … staff or educators shall not disclose any information that may reveal a student’s gender identity to others, including parents or guardian…". The company has also donated to the National Urban League. Target funded the Boise Pride event, featuring drag shows with children as young as 11 years old. Target is a Bronze sponsor of Out and Equal and a corporate partner of the National LGBT Chamber of Commerce. Target is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. The company donated to the Equality PAC and lobbied for ideological purposes. For these reasons, Target receives a High Risk rating.

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Board Bias

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CEO of Target

Brian C. Cornell

Brian C. Cornell

Summary:

Headquartered in Minneapolis, Minnesota, Target is a member of the Fortune 250 operating in the Retailing industry. Brian C. Cornell and Brian C. Cornell 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 $138,100 to Republican causes and $288,675 to Democratic causes. Under their tenure, Target currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$138,100

$288,675

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
6/12/24GovernanceThe Accountability BoardIndependent Board ChairAgainst28.98%
6/12/24SocialThe Humane SocietyShareholder Proposal Requesting Animal Pain Management ReportingAgainst9.34%
6/12/24SocialLegal & General Investment Management AmericaSet Compensation Policy That Optimizes Portfolio Value for Company ShareholdersAgainst12.65%
6/12/24GovernanceTara Health FoundationPolitical Expenditures Misalignment with Company ValuesAgainst14.42%
6/12/24GovernanceNational Center for Public Policy ResearchFinancial Sustainability and Risk ReportAgainst2.17%
6/14/23GovernanceJohn CheveddenIndependent Board ChairmanAgainst32.10%
6/8/22GovernanceJohn CheveddenProxy Access AmendmentsAgainst36.00%
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