Carpenter Technology - 1792 Exchange

Rating Overview

Carpenter Technology is Lower Risk.

Carpenter Technology is Lower Risk. The company does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Overall, Carpenter Technology does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	High 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:

High

Rationale:

Carpenter Technology has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria:

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

Risk Level:

Lower

Rationale:

Carpenter Technology 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:

Carpenter Technology offers unconscious bias training to its employees (1)(2). The company offers Diversity Inclusion, and Belonging training to its employees (3). The company protects its employees against viewpoint discrimination (4).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

Carpenter Technology supports DEI within its business practices, hosting a Diversity, Inclusion and Belonging Committee (1). The company supports DEI within its business practices. From its Social Responsibility page: “Our commitment to diversity, inclusion, and belonging is woven into our Core Values of dignity and respect for all” (2). The company is committed to net zero carbon emissions for Scope 1 & 2 by 2050 (3). The company supports ESG within its business practices, hosting a ESG Steering Committee (4). The company supports ESG within its business practices. From its ESG page: “we remain focused on sustainable long-term growth for the business, which includes advancing our ESG strategy and activities” (5).

Criteria:

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

Risk Level:

Lower

Rationale:

Carpenter Technology 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:

Carpenter Technology’s PAC has been defunct since 2004, and it does not report on its lobbying at this time (1)(2)(3).