Dexcom - 1792 Exchange

Rating Overview

Dexcom is Medium Risk.

Dexcom, Inc. is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. Dexcom 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	Lower Risk
Discriminatory Philanthropy	High Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	Medium Risk
Funding	High 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:

Lower

Rationale:

Dexcom 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:

High

Rationale:

Dexcom likely uses Benevity as its charitable giving platform. Benevity vets charities according to the Southern Poverty Law Center’s Hate List, which includes mainstream libertarian, conservative, family, and religious advocacy organizations (1)(2)(3).

Criteria:

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

Risk Level:

High

Rationale:

Dexcom requires its employees to take diversity training (1). Dexcom operates operates a supplier diversity program. “At Dexcom, we believe in promoting diversity and inclusivity in everything we do – from how we make our products to how we build our workforce. This commitment extends to our supplier base” (2)(3)(4). However, in 2024, the company removed its DEI training and policies from its sustainability report and website. To date, the company has not publicly addressed these changes, leaving shareholders without clarity regarding the company’s reasoning or future direction (5). Dexcom does not provide viewpoint protections for its employees (6).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

Medium

Rationale:

Dexcom supports DEI within its business practices, hosting a DEI Council (1). However, in 2024, the company removed its DEI Council from its sustainability report. To date, the company has not addressed this change, leaving shareholders without clarity regarding the company’s reasoning or future direction (2). Otherwise, Dexcom has not supported ideological causes or policies (3).

Criteria:

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

Risk Level:

High

Rationale:

Dexcom is a corporate partner of the National LGBT Chamber of Commerce (1). The company sponsored the San Diego Pride parade, the Philippine Financial Inter-Industry Pride Gala, and committed to sponsoring a LGBTQ+ graduating student (2). Dexcom sponsored a professional advocacy event for the National LGBT Chamber of Commerce (3).

Criteria:

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

Risk Level:

Lower

Rationale:

Dexcom has not used its PAC donations or lobbying for ideological purposes (1)(2)(3).