Idexx Laboratories - 1792 Exchange

Rating Overview

Idexx Laboratories is Medium Risk.

IDEXX Laboratories 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. IDEXX Laboratories 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	High 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:

IDEXX integrates ESG into its business practices. From its 2023 Corporate Responsibility Report: “We continue to advance the integration of environmental, social, and
governance risks into our enterprise risk assessment and management
processes and environmental, social, and governance opportunities into
our strategic and business planning” (1). The company promotes divisive sex and gender policies. Its Supplier Code of Conduct requires international vendors to include sexual orientation and gender identity in their nondiscrimination policy (2). However, IDEXX has not publicly 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:

High

Rationale:

IDEXX 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:

IDEXX offers allyship, understanding bias and pronouns, and other DEI training to its employees (1). The company appears to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its leadership composition. IDEXX is seeking to “increase representation of underrepresented groups in U.S. management to 33% by 2030” (2). IDEXX does not provide viewpoint protections for its employees (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:

IDEXX supports DEI within its business practices, employing a Head of Global Corporate
Responsibility and Diversity (1). The company supports DEI within its business practices. From its 2023 Corporate Responsibility Report: “Through focused and action-oriented
programs, we continue to make progress towards the aspirations
outlined in our DEI goals and continue to review these goals for relevancy” (2). IDEXX supports ESG within its business practices. From its 2023 Corporate Social Responsibility Report: the company’s Environmental Sustainability Steering Committee “is supported by our Global Corporate Responsibility team as a part of our integrated approach towards managing environmental, social, and
governance matters” (3).

Criteria:

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

Risk Level:

Lower

Rationale:

IDEXX 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:

IDEXX does not operate a PAC or report on its lobbying at this time (1)(2)(3).