TJX Companies

TJ Maxx, Marshalls, HomeGoods, Sierra, Winners, HomeSense
Massachusetts
Retailing

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

By complying with Human Rights Campaign's controversial demands, TJX Companies increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, and philanthropic support. TJX uses its corporate funds to support controversial sex and gender ideologies and organizations. The company has stopped promoting Trump-brand products. TJX provides a benefits package for employees which covers travel/lodging costs for an abortion. The company has funded the Ibram X. Kendi-led Boston University Center for Antiracist Research and is a gold partner of PFLAG. For these reasons, TJX Companies 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

TJX Companies received a score of 45 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (1)(2). However, it has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

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

Risk Level
Rationale

TJX‘s HRC CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (1)(2).

Criteria

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

Risk Level
Rationale

TJX 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

TJX and its subsidiaries regularly highlights its participation in local LGBTQ Pride Month parades and events during Pride Month (1). After then-President Donald Trump’s inauguration, T.J. Maxx and Marshalls both stopped promoting Ivanka Trump-brand products in-store, though both stores continued to sell those products (2).

Criteria

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

Risk Level
Rationale

TJX provides a benefits package for employees which covers travel/lodging costs for an abortion (1). The company‘s HRC 2023 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology (2)(3). By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders. TJX has pledged $10 million to various racial justice organizations, including the National Urban League and the Boston University Center for Antiracist Research, which was founded by Ibram X. Kendi (4)(5). The company is a Gold partner of PFLAG, an LGBTQ+ activist group that promotes books for children with sexually explicit and gender fluid content and advocates against laws that inform parents of their child’s gender dysphoria or prevent unapproved transgender medical treatments for minors (6)(7)(8).

Criteria

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

Risk Level
N/A
Rationale

TJX does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
February 21, 2024

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
6/6/23SocialInternational Brotherhood of TeamstersReport on Risk to TJX From SUpplier Misclassification on Supplier's EmployeesAgainst31.40%
6/6/23SocialNorthstar Asset Management, Inc.Report on Effectiveness of SOcial Compliance Efforts in the Supply ChainAgainst25.40%
6/6/23SocialFigure 8 Investment StrategiesLeave Policy for All AssociatesAgainst22.00%
6/7/22SocialFigure 8 Investment StrategiesAdopt Paid Sick Leave Policy for All AssociatesAgainst33.78%
6/7/22SocialInt'l Brotherhood of TeamstersReport on Risk to TJX From Supplier Misclassification of Supplier's EmployeesAgainst31.78%
6/7/22SocialTrillium Asset ManagementReport on Risk Due to Restrictions on Reproductive RightsAgainst30.16%
6/7/22SocialNorthstar Asset ManagementReport on Human Rights Due Diligence in Supply ChainAgainst24.64%
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