Kimball Electronics, Inc.

Rating Overview

Kimball Electronics, Inc. is Medium Risk.

Kimball Electronics 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	High Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

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

Kimball integrates ESG into its business practices. From its Sustainability Policy: “Our sustainability strategy is grounded in strong governance, clearly defined roles
and responsibilities, and full integration of environmental, social, and governance (ESG) management into our corporate decision-making” (1). From its 2024 Guiding Principles Report: the company’s executive incentive plan includes “environmental, social, and governance factors, including diversity, equity, and inclusion performance measures” (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:

High

Rationale:

Kimball will not give to “political, religious, or military entities” (1).

Criteria:

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

Risk Level:

High

Rationale:

Kimball requires its employees to take unconscious bias and diversity training (1). The company appears to prioritize diversity over merit in its leadership composition. From its 2024 Guiding Principles Report: “To further support our DEI&B objectives, we have an enterprisewide expectation that 100% of the candidate slates for our Board include candidates from underrepresented groups” (2). The company operates a global supplier diversity program. “Our global supplier diversity program promotes economic inclusion by ensuring that diverse suppliers are considered in our procurement processes” (3). The company is an affirmative action employer. “Kimball Electronics – Shared Services’ policy is to maintain an Affirmative Action Program for the promotion of Equal Opportunity in all aspects of employment” (4). The company protects its employees against viewpoint discrimination (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:

Kimball is committed to net zero emissions by 2050 (1). The company supports DEI within its business practices. From its 2024 Guiding Principles Report: “Our diversity and inclusion initiatives focus on fostering representation, equity, and opportunity across all levels of the organization” (2). The company supports ESG within its business practices. From its 2024 Guiding Principles Report: “Kimball Electronics maintains a strong record of compliance with environmental, social, and governance (ESG) standards” (3).

Criteria:

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

Risk Level:

High

Rationale:

Kimball sponsored the 2025 Dubois County PRIDE Festival (1). The company funded PFLAG, an LGBTQ+ activist group that promotes books for children with sexually explicit and gender fluid content and advocates against laws that inform parents of their child’s gender dysphoria or prevent unapproved transgender medical treatments for minors (2)(3). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (4).

Criteria:

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

Risk Level:

N/A

Rationale:

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