Ichor Systems, Inc. - 1792 Exchange

Rating Overview

Ichor Systems, Inc. is Medium Risk.

Ichor Systems, 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 implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company 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	Medium 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:

Medium

Rationale:

Ichor integrates ESG into its business practices by pursuing Scope 1, 2, and 3 goals. From its 2024 ESG Report: “We remain committed to measurable reductions in Scopes 1, 2 and 3 greenhouse gas emissions” (1). The company promotes divisive sex and gender policies. Its Supplier Handbook requires international vendors to include sexual orientation and gender identity in their nondiscrimination policy (2). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria:

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

Risk Level:

Medium

Rationale:

Ichor’s employee matching program requires charities to “align with Ichor’s ESG vision” (1). Therefore, since Ichor’s ESG standards require non-discrimination based on sexual orientation and gender identity, it is likely that religious organizations would not be eligible for charitable giving.

Criteria:

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

Risk Level:

High

Rationale:

Ichor requires its employees to take diversity and inclusion training (1). The company appears to prioritize diversity over merit in its leadership composition. From its 2023 ESG Report: “As future Board positions become available, we remain steadfast in our commitment to prioritizing diversity and inclusivity in all qualified candidates we consider for directorship” (2). The company appears to prioritize diversity over merit in its recruitment and hiring. From its 2023 ESG Report: “We have forged strategic partnerships with collegiate and professional diversity organizations to expand our candidate pool, meet our diverse hiring objectives, and create opportunities for developing a more inclusive culture” (3). The company is an affirmative action employer. “ICHOR and its Suppliers are subject to the most recent applicable regulations and rules promulgated by the U.S. Department of Labor, Office of Federal Contract Compliance Programs (“OFCCP”), including a legal requirement that hiring practices of contractors and subcontracts take affirmative action” (4). The company 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:

High

Rationale:

Ichor supports DEI within its business practices, employing a DEI Council (1). The company supports DEI within its business practices. From its 2023 ESG Report: “We believe that Diversity, Equity, and Inclusion (DEI) are foundational principles that guide our commitment to operating as an ethical, equitable, and innovative company” (2). The company supports ESG within its business practices. From its 2024 ESG Report: “Guided by best practices like our ESG materiality assessment and frameworks from RBA, GRI, and SASB, we’re committed to advancing ESG initiatives that support our company and customers” (3).

Criteria:

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

Risk Level:

Lower

Rationale:

Ichor 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:

Ichor does not operate a PAC or engage in lobbying at this time (1)(2)(3).