Boise Cascade

Industries Materials
Subsidiaries https://www.sec.gov/Archives/edgar/data/1391390/000119312511053585/dex21.htm Boise Inc., BZ Intermediate Holdings LLC , Boise Paper Holdings, L.L.C, Boise White Paper, L.L.C, Bemis Corporation
Activism

The biggest 3000 companies in the U.S. in the year of 2025.

Rating Overview

Risk Rating: Medium

Boise Cascade is Medium Risk.

Boise Cascade 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 Medium 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:

Boise Cascade integrates DEI into its supply chain. From its Supplier Code of Conduct: “Suppliers are expected to provide a diverse workplace, free from
discrimination, harassment or any other form of abuse” (1) However, Bosie Cascade 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:

Boise Cascade does not discriminate against charitable organizations based on views or beliefs (1)(2).

Criteria:

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

Risk Level:

High

Rationale:

Boise Cascade requires its employees to take DEI and unconscious bias training (1). Boise Cascade does not provide viewpoint protections for its employees (2). The company is an affirmative action employer. “As a federal contractor, Boise Cascade maintains Affirmative Action Programs for individuals
from minority groups, individuals with disabilities, individuals who are protected veterans, and
women.” (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:

Boise Cascade supports DEI within its business practices, employing a DEI Committee (1).  Boise Cascade 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:

Medium

Rationale:

Boise Cascade donated $6,000 to Boise Pride Festival and Parade as a Green Sponsor (1) Otherwise, Boise Cascade has not used corporate funds to advance ideological causes, organizations, or policies (2)(3).

Criteria:

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

Risk Level:

N/A

Rationale:

Boise Cascade’s PAC has been defunct since 2004 and has not used its lobbying for ideological purposes (1)(2)(3).