Holcim Ltd - 1792 Exchange

Rating Overview

Holcim Ltd is Medium Risk.

Holcim 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. Holcim 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	High Risk
Funding	Lower 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:

Medium

Rationale:

Holcim integrates ESG into its business practices. From its 2024 Integrated Annual Report: “Holcim notably engages with key suppliers and business partners to respond to climate risks, encouraging them to measure and manage their CO2 impact in their operation and their supply chain” (1). However, the company has not 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:

Holcim 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:

Holcim offers unconscious bias training to its employees (1). The company appears to prioritize diversity over merit in its hiring. From its Diversity and Inclusion webpage: “Our people are empowered locally to create the conditions for a diverse and inclusive workforce, with particular emphasis on gender balance in sales and operational roles and developing talent at an early career stage” (2). The company protects its employees against viewpoint discrimination (3).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

Holcim is aligned with the Paris Agreement, which entails a commitment to net zero carbon emissions by 2050 (1). The company supports DEI within its business practices. From its Group Diversity & Inclusion Standard: “Diversity, Equity & Inclusion are imperative for the long-term sustainable success of our business” (2). The company supports ESG within its business practices. From its ESG webpage: “As a world leader in innovative and sustainable building solutions, environmental, social and governance (ESG) is at the heart of our operations and management” (3).

Criteria:

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

Risk Level:

Lower

Rationale:

Holcim 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:

Lower

Rationale:

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