Walmart
Corporate Bias Rating
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Risk Level:
Summary:
Walmart scored a 100 out of 100 on the 2023-2024 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. 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. Walmart is a member of the Global Alliance for Responsible Media, which aims to demonetize advertisements and suppress content that “vilifies” individuals based on sexual orientation and gender identity, discusses “debated social issues in a negative or partisan context” or spreads “hate speech”. Walmart signed the Business Roundtable's 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. Walmart's CEO Doug McMillon signed Catalyst's Champions for Change pledge, indicating its support of DEI in its leadership composition through the establishment of gender and racial targets. The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. Walmart has frequently donated to the Equality PAC. However, it has withstood activist pressure on some issues, including abortion and firearms policy. For these reasons, Walmart receives a High Risk rating.
View Full Corporate Bias Ratings ReportBoard 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.
View Full Board Bias ReportPolitical 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 |
---|---|---|---|---|---|
6/5/24 | Governance | National Center for Public Policy Research | Corporate Financial Sustainability Report | Against | 0.38% |
6/5/24 | Governance | Cynthia Murray | Workplace Safety and Violence Review | Against | 19.08% |
6/5/24 | Social | Bowyer Research | Report on Respecting Workforce Civil Liberties | Against | 0.47% |
6/5/24 | Governance | The Shareholder Commons on behalf of Legal & General Investment Management America | Set Compensation that Optimizes Portfolio Value for Company Shareholders | Against | 4.40% |
6/5/24 | Social | Oxfam America | Human Rights Impact Assesments | Against | 11.55% |
6/5/24 | Social | The Organization United for Respect (OUR) | Racial Equity Audit | Against | 15.38% |
6/5/24 | Social | The Accountability Board | Publication of Targets for Transitioning from Gestation Crates in Pork Supply Chain | Against | 12.50% |
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% |
5/31/23 | Governance | Cynthia Murray | Workplace Safety and Violence Review | Against | 23.80% |
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 | Clean Yield Asset Management | Report on Reproductive Rights and Data Privacy | Against | 5.20% |
5/31/23 | Governance | James McRitchie | Request to Require Shareholder Approval of Certain Future Bylaw Amendments | Against | 5.70% |
5/31/23 | Social | Oxfam America | Prepare a Report on Walmart's Human Rights Due Diligence | Against | 5.80% |
5/31/23 | Social | Organization United for Respect | Racial Equity Audit | Against | 18.10% |
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% |
6/1/22 | Governance | Cynthia Murray | Create a Pandemic Workforce Advisory Council | Against | 12.53% |
6/1/22 | Social | Clean Yield Asset Mgmt. | Report on Impacts of Reproductive Healthcare Legislation | Against | 12.78% |
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 | Zevin Asset Mgmt. | Report on Lobbying Payments and Policy | Against | 14.40% |
6/1/22 | Social | Humane Society of the U.S. | Report on Animal Welfare Polices and Practices in Food Supply Chain | Against | 16.39% |
In the News
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