*Note:* Unilever is the parent company of over 400 brands. This rating refers to Unilever's policies, practices, and funding. When one of its brands drastically differs from the company in any of these areas, particularly if the brand has a distinct corporate governance policy, we give that brand a separate rating. Unilever is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Unilever embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.