ResMed - 1792 Exchange

Rating Overview

ResMed is Medium Risk.

ResMed 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	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:

ResMed promotes divisive sex and gender policies. Its Code of Business Conduct and Ethics requires international vendors to include sexual orientation in their nondiscrimination policy (1). The company integrates ESG into its business practices, “Our mission to change the lives of 500 million people in 2030 is supported by our sustainability strategy–thoughtfully balancing the needs of all stakeholders in light of evolving global standards.” (2). However, the company 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:

Lower

Rationale:

ResMed does not 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:

ResMed offers “Inclusive Effective Management and Inclusive Leadership” training to its employees (1). However, in 2024, the company stopped publishing its ESG Report. To date, the company has not publicly addressed this change, leaving shareholders without clarity regarding the company’s reasoning or future direction (2). ResMed offers quarterly “Cultural Awareness” training to its employees (3). The company’s current key strategic initiatives include campaigns on: psychological safety, allyship, inclusive leadership (4). ResMed 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:

ResMed releases online resources about unconscious bias (1). The company supports ESG within its business practices. It has an “integrated, impact-focused approach” to ESG (2). However, in 2024, ResMed stopped publishing its ESG Report. To date, the company has not publicly addressed this change, leaving shareholders without clarity regarding the company’s reasoning or future direction (3). The company supports DEI within its business practices. From its Code of Business Conduct and Ethics: “As an employee of Resmed, you are faced every day with a number of business decisions. It is your personal responsibility to uphold Resmed’s high standards of business ethics, including belonging, diversity and inclusion, in each and every one of these situations.” (4). From its 2025 Sustainability Report: “We are dedicated to fostering inclusion in how we work and in the products we design, and to building diversity across all levels of our organization.” (5). From its Code of Business Conduct and Ethics: “ResMed values diversity and is inclusive toward others with different backgrounds and experiences.” (6). From its Unconscious Bias page: “We need to embrace diversity & be curious of people and things that are different to us.” (7). The company supports DEI within its business practices, employing a Diversity & Inclusion team and a Head of Diversity (8). However, in 2024, ResMed stopped publishing its ESG Report. To date, the company has not publicly addressed this change, leaving shareholders without clarity regarding the company’s reasoning or future direction (9).