Walmart
Corporate Bias Rating
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Risk Level:
Summary:
Walmart scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Walmart increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Walmart 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. Walmart 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 is part of the Global Alliance for Responsible Media. Walmart is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. Walmart has donated to ideologically focused PAC's not in accordance with business interests. However, Walmart has withstood activist pressure on some issues, including abortion and firearms policy. The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, Walmart receives a High Risk rating.
Board Bias
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CEO of Walmart
Doug McMillon
Summary:
Headquartered in Bentonville, Arkansas, Walmart is a member of the Fortune 250 operating in the Food and Staples Retailing industry. Doug McMillon and Gregory B. Penner 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 $1,779,770 to Republican causes and $802,467 to Democratic causes. Under their tenure, Walmart currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$1,779,770
$802,467
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/31/23 | Governance | Cynthia Murray | Workplace Safety and Violence Review | Against | 23.80% |
5/31/23 | Social | Organization United for Respect | Racial Equity Audit | Against | 18.10% |
5/31/23 | Social | Oxfam America | Prepare a Report on Walmart's Human Rights Due Diligence | Against | 5.80% |
5/31/23 | Governance | James McRitchie | Request to Require Shareholder Approval of Certain Future Bylaw Amendments | Against | 5.70% |
5/31/23 | Social | Clean Yield Asset Management | Report on Reproductive Rights and Data Privacy | Against | 5.20% |
5/31/23 | Governance | Franciscan Sisters of Perpetual Adoration | Create a Policy to Align Executive Compensation with Worker Pay | Against | 4.30% |
5/31/23 | Social | National Center of Public Policy Research | Racial and Gender Layoff Diversity Report | Against | 1.50% |
5/31/23 | Social | National Legal and Policy Center | Communist China Risk Audit | Against | 1.30% |
6/1/22 | Social | Humane Society of the U.S. | Report on Animal Welfare Polices and Practices in Food Supply Chain | Against | 16.39% |
6/1/22 | Social | Zevin Asset Mgmt. | Report on Lobbying Payments and Policy | Against | 14.40% |
6/1/22 | Social | Franciscan Sisters of Perp. Adoration | Report on Alignment of Racial Justice Goals and Starting Wages | Against | 13.19% |
6/1/22 | Social | Clean Yield Asset Mgmt. | Report on Impacts of Reproductive Healthcare Legislation | Against | 12.78% |
6/1/22 | Governance | Cynthia Murray | Create a Pandemic Workforce Advisory Council | Against | 12.53% |
6/1/22 | Social | National Legal and Policy Center | Report on Charitable Contributions | Against | 0.98% |
6/1/22 | Social | National Center for Public Policy Research | Report on Civil Rights and Non-Discrimination Audit | Against | 0.56% |
In the News
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BlackRock , State Street , Vanguard , UBS , Blackstone , Morgan Stanley (E-Trade) , Goldman Sachs , Northern Trust , Amazon.com , Walmart , Costco Wholesale , Comcast , Chevron Corporation , Wells Fargo , Home Depot , Apple