TrueBlue - 1792 Exchange

Rating Overview

TrueBlue is Medium Risk.

TrueBlue, Inc. is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. TrueBlue 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:

TrueBlue integrates ESG into its business practices. From its 2025 Corporate Citizenship Report: “The Company also incorporates ESG and HCM goals in its executive compensation program” (1). The company integrates DEI into its supply chain. From its 2025 Corporate Citizenship Report: “In 2023, TrueBlue took its first steps towards creating a supplier diversity program. We retained a third party to assist us as we looked at our pool of vendors and determined which are under diverse ownership or operational control. At the end of 2024, 1.2% of our suppliers are considered diverse. This year we will continue to measure and look at opportunities to include more diverse vendors” (2). TrueBlue 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:

TrueBlue does not appear to discriminate against charitable organizations based on views or beliefs. The company’s charitable giving focus areas are “education, skills training, and other workforce-related initiatives” (1).

Criteria:

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

Risk Level:

High

Rationale:

In 2022 300+ Director and above leaders completed unconscious bias training (1). The company appears to prioritize diversity over merit in its leadership composition. From its 2026 Proxy Statement: “The Corporate Governance Guidelines include the criteria our Board believes are important in the selection of director nominees. While the Board has not established any minimum qualifications for nominees, the Board does consider the composition of the Board as a whole, the requisite characteristics (including independence, diversity, and experience in industry, finance, administration, and operations) of each candidate, and the skills and expertise of its current members while taking into account the overall operating efficiency of the Board and its committees. With respect to diversity, we broadly construe diversity to mean not only diversity of race, gender, and ethnicity, but also diversity of opinions, perspectives, and professional and personal experiences. Nominees are not discriminated against on the basis of race, gender, religion, national origin, sexual orientation, disability, or any other basis proscribed by law” (2). TrueBlue 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:

TrueBlue’s former CEO, Patrick Beharelle, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (1)(2). The company supports ESG within its business practices. From its 2025 Corporate Citizenship Report: “The Company also incorporates ESG and HCM goals in its executive compensation program” (3). TrueBlue supports DEI within its business practices. From its Corporate Citizenship webpage: “We foster diversity, equity, and inclusion, creating a workplace where everyone feels valued, heard, and supported” (4).

Criteria:

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

Risk Level:

Lower

Rationale:

TrueBlue 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:

Lower

Rationale:

TrueBlue has not used its PAC donations or lobbying for ideological purposes (1)(2)(3).