Air Transport Services Group, Inc.

Rating Overview

Air Transport Services Group, Inc. is Medium Risk.

Air Transport Services Group is Medium Risk. The company often 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. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	Medium Risk
Funding	Lower Risk
Political Actions	Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled 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:

Medium

Rationale:

Air Transport Services Group integrates ESG into its business practices. From its 2024 Sustainability Report: “Our appraoch to sustainability is integrated into our business through board oversight, officer-level leadership across relevant departments, and collaboration among subject matter experts throughout the company” (1). However, the company has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

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

Risk Level:

Lower

Rationale:

Air Transport Services Group does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Air Transport Services Group appears to prioritize diversity over merit in its leadership composition. From its Corporate Governance Guidelines: “The Nominating and Governance Committee likewise recognizes that diversity (including
diversity of race, gender, age and cultural and ethnic background) can enhance the effectiveness
of the Board. The initial list of candidates considered by the Nominating and Governance
Committee (including any list provided by a third party engaged to assist with a director search)
shall include, but need not be limited to, qualified underrepresented candidates (taking into
account factors such as gender, race or ethnicity)” (1). The company does not provide viewpoint protections for its employees (2)(3).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Medium

Rationale:

Air Transport Services Group supports DEI within its business practices. From its DEI webpage: “At ATSG, inclusion is more than a value—it’s how we operate, grow, and succeed together” (1). Otherwise, the company has not supported ideological causes or policies (2).

Criteria:

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

Risk Level:

Lower

Rationale:

Air Transport Services Group has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

Lower

Rationale:

Air Transport Services Group has not used its PAC donations for ideological purposes and does not report on its lobbying at this time (1)(2)(3).