Textron

Rhode Island
Capital Goods

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Textron has not terminated business relationships due to religious or political beliefs, though it does vet suppliers due to LGBTQ policies. It does not have viewpoint protections for its employees and, according to its charitable giving guidelines, may restrict donations to certain faith-based charities. However, Textron has not used its reputation or corporate dollars to support ideological agendas or policies. For these reasons, Textron 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

Textron received a score of 60 on the Corporate Equality Index from the Human Rights Campaign (1). However, it has pledged to vet suppliers according to LGBTQ policies. It has not publicly terminated business relationships due to religious or political beliefs.

Criteria

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

Risk Level
Rationale

Textrons charitable giving policy states that “Textron, Textron’s businesses and the Textron Charitable Trust will not make contributions in support of, but not limited to, the following types of requests: Organizations that do not align with Textron’s values, commitment to diversity or approach to Equal Opportunity. This includes organizations that discriminate based on race, ethnicity, religion, gender, age, sexual orientation or other criteria of protected classes, as defined by the U.S. Equal Opportunity Commission (1).” Due to this policy, some religious organizations may be prohibited from receiving donations.

Criteria

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

Risk Level
Rationale

Textron does not protect employees from viewpoint discrimination (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

Textron has an active LGBTQ employee resource group but has not externally advocated for ideological agendas or policies (1).

Criteria

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

Risk Level
Rationale

Textron has not used its corporate reputation to support ideological groups hostile to freedom of expression (1).

Criteria

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

Risk Level
Rationale

Textron donates in a bipartisan manner and has not used its PAC for ideological purposes (1).

All links were last accessed and all information was updated on:
March 23, 2023

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Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/27/22GovernanceKenneth SteinerSpecial Meetings - Reduce Ownership Req. to 10%Against33.40%
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