eXp Realty

Industries Real Estate
Subsidiaries https://www.sec.gov/Archives/edgar/data/1495932/000155837021002743/expi-20201231xex21d1.htm eXp Realty Holdings, Inc., eXp Realty Associates, LLC, eXp Realty, LLC, eXp Realty of California, Inc., eXp Realty of Connecticut, LLC,
Activism

The biggest 1000 U.S. companies by revenue according to form 10-K.

Rating Overview

Risk Rating: Lower

eXp Realty is Lower Risk.

eXp Realty 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 elevates merit, excellence, and integrity ahead of race and identity-based policies. The company 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 Lower Risk
Discriminatory Philanthropy Lower Risk
Employment Protection Medium Risk

Corporate Weaponization

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

eXp Realty has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1)(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:

eXp 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:

Medium

Rationale:

eXp Realty does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy


Criteria:

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

Risk Level:

High

Rationale:

eXp Realty signed an open letter endorsing the Equality Act, a contentious proposal to amend the 1964 Civil Rights Act by adding sexual orientation and so-called gender identity as protected categories. The legislation would, among other implications, grant biological men access to women-only spaces such as sports teams and public restrooms, and compel healthcare providers to deliver sex-denying healthcare (1). eXp has a “Climate Action Network” that has engaged in ESG-related forum discussions, though the company has not released an ESG strategy of its own (2).

Criteria:

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

Risk Level:

Medium

Rationale:

eXp Realty is a Champion Level sponsor of the LGBTQ Real Estate Alliance, which has engaged in legislative advocacy (1)(2). Otherwise, there are no publicly known cases of eXp Realty using 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:

Lower

Rationale:

eXp Realty does not operate a PAC at this time and has not used its lobbying for ideological purposes (1)(2)(3).