Walmart
Companies who scored 100% on the 2023-2024 Corporate Equality Index.
Companies provide a benefit package for employees which covers travel/lodging costs for an abortion.
Companies who signed the Business Roundtable 2019 Stakeholder Capitalism statement
The biggest 1000 U.S. companies by revenue according to form 10-K.
Companies who were members of the Global Alliance for Responsible Media, which subjectively demonetized advertisements and suppressed content to stifle mainstream perspectives online
Companies that offer so-called transgender healthcare for their employees and covered dependents.
Rating Overview
Rating Criteria
Rating Criteria Detail
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:
LowerRationale:
While Walmart raised the limit to purchase a firearm to 21, the company has not bowed to pressure to entirely stop selling firearms, nor has it used its institutional might to force changes on the firearm industry, as a New York Times contributor publicly requested (1)(2). The company was a member of the Global Alliance for Responsible Media, which demonetized and suppressed content that it deemed to spread “hate speech” or “misinformation”, discuss “debated social issues in a negative or partisan context”, or “vilif[y]” individuals based on sexual orientation and gender identity. These arbitrary guidelines were used to censor mainstream perspectives online (3)(4)(5). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (6).
Criteria:
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Risk Level:
LowerRationale:
Walmart does not appear to 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:
MediumRationale:
Walmart used to support DEI in its leadership composition through the establishment of gender and racial targets and offered unconscious bias training to its leaders. However, in November 2024, the company pledged to end racial quotas and DEI training at the company (1)(2)(3)(4)(5). The company previously operated a Supplier Inclusion Program focused on working with diverse suppliers. However, the program is now focused on ‘supporting small businesses, helping them grow and benefit their communities.’ (6)(7). The company does not provide viewpoint protections for its employees (8).
Corporate Governance and Public Policy
Criteria:
Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.
Risk Level:
MediumRationale:
Walmart used to allow a controversial stakeholder group focused on sexual identity issues to dictate it marketing/advertising strategies. However, in November 2024, it pledged to monitor the Walmart marketplace to identify and remove inappropriate products marketed to children (1)(2)(3)(4). The company stood up to shareholder activists pushing for the company to focus its time, attention, and money on abortion policy (5). In November 2024, the company also pledged to discontinue DEI within the company (6). The company is committed to net zero emissions by 2040 (7).
Criteria:
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Risk Level:
MediumRationale:
Walmart provides a benefits package for employees that covers travel/lodging costs for an abortion and transgender medical procedures for covered employees (1)(2)(3)(4). Effective with its 2026 employee health benefits plan, Walmart no longer offers gender transition-related medical services for minors. The company stated: “Gender reassignment surgery is not considered medically necessary for individuals under the age of 18. Cosmetic services that are not medically necessary are not covered” (5)(6). The company was a member of the Global Alliance for Responsible Media (7)(8)(9). The company has supported organizations/events that promote sex and gender ideology. However, in November 2024, it pledged to review the funding of events and organizations to avoid funding inappropriate sexualized content targeting kids (10)(11)(12)(13). The company has supported multiple groups that promote racial equity and DEI and committed $100 million over five years to establish the Walmart Center for Racial Equity. However, in November 2024, Walmart ended support for DEI within the company (14)(15)(16)(17)(18)(19)(20)(21). In June 2025, the company’s Racial Equity center completed its work (22). The company is a coalition member of OneTen, appearing to prioritize diversity over merit in its hiring (23)(24)(25). The company sponsored the The White Mountains Pride Festival in 2025 (26). The company is a sponsor of America250, a bipartisan initiative created to commemorate the 250th anniversary of the United States in 2026 (27). The company was a Garnet Level partner of the 2025 ROMBA Conference, an annual LGBTQ+ professional and recruiting conference for students, business professionals, corporations, and business schools. The conference emphasizes identity-based networking and recruiting over merit and professional qualifications, reflecting the influence of DEI activism in corporate and academic settings (28)(29)(30)(31). Walmart sponsored the following Pride events in 2026: White Mountains Pride, Lexington Pride Festival, Sun Prairie Pride Fest, Pride in the Valley (32)(33)(34)(35). The company is a Legacy Member of Out Leadership, a global network of LGBT+ business leaders from major companies that seeks to advance LGBTQ+ representation in corporate leadership and integrate LGBTQ+ priorities into workplace strategies. The first LGBTQ+ B-Corporation, Out Leadership accomplishes this through convening leadership summits, directing talent initiatives, and providing advisory solutions that emphasize the positive impact of LGBT+ inclusion for business (36)(37)(38)(39). Otherwise, there are no publicly known cases of Walmart using corporate funds to advance ideological causes, organizations, or policies (40).