CSX
The biggest 1000 U.S. companies by revenue according to form 10-K.
Companies that offer so-called transgender healthcare for their employees and covered dependents.
Rating Overview
Rating Criteria
Rating Criteria Detail
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:
MediumRationale:
CSX received a score of 80 on the 2025 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (1)(2). The company promotes divisive sex and gender policies. Its Code of Business Ethics require international vendors to include sexual orientation and gender identity in their nondiscrimination policy (3). The company integrates ESG into its business practices. From its 2023 ESG Report: “In 2023, we identified 63 suppliers representing 75 percent of total spend and engaged them to better glean insight into their emissions reduction goals and ESG initiatives” (4). However, CSX has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (5)(6).
Criteria:
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Risk Level:
HighRationale:
CSX’s HRC 2025 CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (1)(2). CSX will not provide charitable grants to “religious organizations not registered with the IRS,” implying that the company will provide to religious organizations that have procured a 501(c)(3) nonprofit status (3)(4).
Criteria:
Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.
Risk Level:
HighRationale:
CSX’s HRC 2025 CEI rating indicates the company provides a specific benefits guide with a comprehensive explanation of transgender services funded by the company (1)(2). The company appears to prioritize diversity over merit in its recruitment, hiring, and mentorship program. From its 2023 ESG Report: “Compensation & Talent Management Committee: Runs CSX’s human capital management strategy, including policies and strategies regarding recruiting, retention and career development, performance management, talent acquisition programs and processes for promoting and progressing DEI initiatives, including pay equity.” The company appears to prioritize diversity over merit in its supply chain: “Through our Diverse Supplier Procurement Program, we work to strengthen supplier relationships with small businesses, as well as disability-owned, veteran-owned, women-owned, LGBTQ+-owned and minority-owned businesses” (3). The company appears to prioritize diversity over merit in its leadership composition. From its Corporate Governance Guidelines: “To reflect the Corporation’s commitment to diversity, the Governance and Sustainability Committee will instruct any third-party search firm to use its best efforts to include qualified candidates who reflect diverse backgrounds, including, but not limited to, diversity of race, ethnicity, national origin and gender” (4). CSX does not provide viewpoint protections for its employees (5).
Corporate Governance and Public Policy
Criteria:
Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.
Risk Level:
MediumRationale:
CSX‘s HRC 2025 CEI rating indicates the company agrees to allow a controversial stakeholder group focused on sexual identity issues to dictate marketing or advertising strategy. By doing so, the company risks dividing employees, alienating customers and harming shareholders (1)(2). The company is aligned with the Paris Agreement, which entails a commitment to net zero carbon emissions by 2050 (3).The company supports DEI within its business practices. From its 2023 ESG Report: “In addition, they are responsible for our diversity, equity and inclusion (DEI) strategy and work with our business resource groups (BRGs) and partners to integrate our strategy throughout the organization” (4). The company supports ESG within its business practices. From its 2023 ESG Report: “Oversight of ESG is held at the Board level by experienced Directors with deep subject matter expertise who make up our Governance and Sustainability Committee” (5). The company scored a 70 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group (6)(7).
Criteria:
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Risk Level:
HighRationale:
CSX‘s HRC 2025 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology. By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders (1)(2). Otherwise, CSX has not used corporate funds to advance ideological causes, organizations, or policies (3).
Criteria:
Uses corporate political actions and/or financial contributions for ideological, non-business purposes.
Risk Level:
HighRationale:
CSX‘s HRC 2025 CEI rating indicates the company publicly advocated for controversial sex and gender ideology through local, state or federal legislation or initiatives. By allowing a political stakeholder group to dictate operations, the company risks dividing employees, alienating customers and harming shareholders (1)(2). The company has not used its PAC donations or lobbying for ideological purposes (3)(4)(5).