Texas Instruments

Texas
Semiconductors and Semiconductor Equipment

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Texas Instruments, a calculator manufacturer and technology company, has not publicly terminated any relationships due to views or beliefs. It also lacks viewpoint protections for its employees, despite its pledge to vet vendors for LGBTQ policies. However, TI does support the Equality Act while prohibiting PAC donations to Republican election objectors. Texas Instruments is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company is a copper sponsor of Out & Equal. Texas Instruments has a perfect score on the HRC's 2022 Corporate Equality Index, which indicates the company covers the cost of "medically necessary transition-related care" for its employees and their children. For these reasons, Texas Instruments receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Texas Instruments has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs. The company received a score of 100 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means Texas Instruments has pledged to vet vendors based on LGBTQ policies (1)(2).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Texas Instruments focuses its charitable giving on education, disaster relief, and arts & cultural institutions. It does not discriminate against faith-based schools or charitable groups through its giving (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Texas Instruments does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Texas Instruments has signed an open letter supporting the Equality Act (1). It also opposed the North Carolina biological bathroom law in 2017 (2). CEO Haviv Ilan is a member of the Business Roundtable and Former CEO Richard Templeton signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (3)(4).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Texas Instruments has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). Texas Instruments has contributed $1 million to the Black Lives Matter organization and related causes (3)(4)(5). The company is a copper sponsor of Out & Equal (6).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Texas Instruments has not used its political contributions for ideological purposes (1)(2)(3).

All links were last accessed and all information was updated on:
November 30, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/27/23GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against41.30%
4/27/23SocialFriends Fiduciary Corp.Report on Due Diligence Efforts to Trace Customer Misuse of ProductsAgainst20.80%
4/28/22GovernanceJohn CheveddenSpecial Meetings - Ownership Req. at 10%Against43.39%
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