Kilroy Realty Corporation

Rating Overview

Kilroy Realty Corporation is Medium Risk.

Kilroy Realty is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. Kilroy Realty 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	High Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

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

Kilroy Realty integrates ESG into its business practices. From its 2024 Sustainability Report: “To more deeply embed accountability for our ESG objectives, Kilroy has linked a portion (10% weight) of executive short-term incentive compensation to ESG goals” (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:

High

Rationale:

Kilroy Realty will not give to religious organizations (1).

Criteria:

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

Risk Level:

High

Rationale:

Kilroy Realty requires its employees to take unconscious bias training (1). The company appears to prioritize diversity over merit in its leadership composition. From its Policies and Procedures Concerning Consideration of Director Candidates: “In considering a candidate for the Board, the Board will consider the candidate’s diversity, in its broadest sense, reflecting, but not limited to, profession, geography, gender, ethnicity, skills and experience” (2). Kilroy Realty is an affirmative action employer. “The objective in adopting the Affirmative Action Program is to place qualified individuals with disabilities, disabled veterans and other eligible veterans in all job classifications” (3). The company does not provide viewpoint protections for its employees (4).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

Kilroy Realty is committed to net zero emissions by 2050 (1). The company supports DEI within its business practices. From its Careers Web Page: “Diversity, equity, and inclusion are essential principles at Kilroy” (2). Kilroy Realty supports ESG within its business practices. From its 2024 Sustainability Report: “The purpose of the Management ESG Steering Committee is to provide oversight and effective implementation of the Company’s ESG strategies, initiatives, and policies” (3). It was a member of the Bloomberg Gender-Equality Index from 2020-2023, an initiative that recognizes public companies that disclose and perform well on gender-related workplace data (4)(5).

Criteria:

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

Risk Level:

Medium

Rationale:

Kilroy Realty is a founding member of The Nareit Foundation’s Dividends Through Diversity, Equity & Inclusion (DDEI) Giving Campaign, which provides financial support to charitable and educational organizations and initiatives that advance diversity, equity, and inclusion in REIT and publicly traded real estate industry (1). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (2).

Criteria:

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

Risk Level:

N/A

Rationale:

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