AptarGroup - 1792 Exchange

Rating Overview

AptarGroup is Medium Risk.

AptarGroup 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. AptarGroup 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	High 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	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:

AptarGroup integrates ESG into its business practices. From its 2024 Corporate Sustainability Report: “We consider Environmental, Social and Governance (ESG) topics to be important to our general business practices and therefore integrate them into the management of economic performance overall” (1). The company also requires suppliers to “Measure, report and share your carbon emissions with Aptar and other eco-efficiency metrics” (2). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria:

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

Risk Level:

High

Rationale:

AptarGroup will not give to or match employee donations to “religious, civic, fraternal, social, political or lobbying groups, and health club organizations” (1).

Criteria:

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

Risk Level:

High

Rationale:

AptarGroup offers “Unconscious Bias to Inclusive Leader training sessions and recently launched a self-enrollment IEB [Inclusion, Equity and Belonging] training” for its employees and managers (1). The company was a signatory of the Gender & Diversity KPI Alliance, appearing to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its leadership composition and its support of DEI in its hiring and promotions (2)(3). The company’s President and CEO, Stephan B. Tanda, signed Catalyst’s Champions for Change pledge, indicating its support of DEI in its leadership composition through the establishment of gender and racial targets (4)(5). The company operates a supplier diversity program. “In 2024, we continued to develop our Supplier Diversity Program and expanded our diverse supplier pool through engagement with local organizations” (6). The company protects its employees against viewpoint discrimination (7).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

AptarGroup is aligned with the Paris Agreement, which entails a commitment to net zero carbon emissions by 2050 (1). The company supports DEI within its business practices, employing a Chief Diversity Officer (2). The company supports DEI within its business practices. From its 2024 Corporate Sustainability Report: “Inclusion, Equity and Belonging (IEB) is one of Aptar’s five strategic priorities under the umbrella of Talent & Leadership” (3). The company supports ESG within its business practices. From its 2024 Corporate Sustainability Report: “Aptar often engages with investors on ESG-related topics” (4).

Criteria:

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

Risk Level:

Lower

Rationale:

AptarGroup 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:

AptarGroup does not operate a PAC at this time and has not lobbied for ideological purposes (1)(2)(3).