Americold Realty Trust - 1792 Exchange

Rating Overview

Americold Realty Trust is Medium Risk.

Americold Realty Trust 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	High Risk
Funding	Lower Risk
Political Actions	No Data

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:

Americold integrates ESG into its business practices. From its 2025 Sustainability Report: “Accountability flows through a structured governance framework designed to embed ESG considerations, including climate change, into enterprise-level decision-making and
performance evaluation” (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:

Americold 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:

Americold offers DI&B and inclusive leadership training to its employees (1). The company appears to prioritize diversity over merit in its leadership composition. From its 2023 Sustainability Report: it is “work[ing] towards greater representation of
women and people of color in senior leadership
positions (director level and above)” (2). Americold protects its employees against viewpoint discrimination (3).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

Americold supports DEI within its business practices. From its DEI webpage: “Our Global Culture Committee brings Americold’s commitment to diversity, inclusion, and belonging (DI&B) to life” (1). The company supports ESG within its business practices. From its 2025 Sustainability Report: “The ESG Committee, which includes senior executives, oversees policy
implementation, integrates sustainability into our strategy, and reports updates to the Board” (2).

Criteria:

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

Risk Level:

Lower

Rationale:

Americold 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:

N/A

Rationale:

Americold does not operate a PAC or engage in lobbying at this time (1)(2)(3).