Corporate bias watchdog reveals extent of Fortune 10 companies’ ideological capture
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Originally published May 6, 2024
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Gender Surgery for Minors Faces a Legal Reckoning
August 20, 2026Last year, a federal court in Washington State ruled that Premera Blue Cross unlawfully discriminated when it refused to cover elective double mastectomies for two young girls. The decision read like a harsh warning to every employer: exclude gender-transition procedures for children from your health plan and risk an Affordable Care Act discrimination claim. But the story doesn’t end there. In July 2026, the United States filed a brief urging the Ninth Circuit to reject that court’s misguided reasoning. In a 39-page brief supporting Premera’s appeal, the Justice Department’s Civil Rights Division argues that declining to fund these elective sex-denying surgeries for minors is not sex discrimination. “Far from being discrimination on the basis of sex,” the brief states, “this sensible policy is rooted in biological reality, developmental psychology, and medical diagnosis.” The brief anchors its argument in the Supreme Court’s 2025 decision in United States v. Skrmetti, arguing that “regulating medical procedures on the basis of diagnosis does not automatically amount to discrimination on the basis of sex.” Premera covers a mastectomy for a teenage boy with gynecomastia and for a girl with breast cancer but declines to cover the same surgery when it is performed on healthy adolescents—boys and girls alike. The distinction, the brief argues, is …
1792 Exchange Applauds Apple for Improving Responsible Mineral Sourcing in East Africa
August 10, 2026WASHINGTON, D.C. — The Eagle Freedom Alliance released a shareholder engagement letter recognizing Apple for advancing more transparent and accountable mineral sourcing in East Africa. The letter was signed by investors and advisors connected to Apple shareholdings and highlighted Apple’s support for traceable tantalum supply chains. Signatories included 1792 Exchange, Innovest, GuideStone, Praxis, and the Eagle Freedom Fund. The letter notes: “As leading innovators in fighting human trafficking and committed shareholders in Apple Inc., we are writing to express our deep appreciation and admiration for Apple’s exemplary work in forging an ethical and forward-thinking path in the sourcing of key minerals from East Africa. In particular, we commend Apple’s leadership in the Responsible Mineral Initiative and its efforts to bring transparency to the supply chain. We applaud your efforts to ensure that Apple’s supply chain reflects the highest standards of human rights and recognize your work with Africa’s only tantalum refinery, PowerX Ltd., and its vertically integrated mining operation, PowerM Ltd., in Rwanda.” Apple’s leadership deserves recognition. Its approach demonstrates how a company can use its purchasing power to improve supply-chain transparency, reduce exploitation risks, strengthen resilience, and protect long-term shareholder value. Many companies still fail to adequately account for labor abuses deep within their supply chains, which exposes them to significant legal, reputational, operational, and financial …
DEI by Another Name
July 30, 2026In response to legal, political, consumer, or shareholder pressures, companies are increasingly replacing “DEI” terminology with broader terms such as “Inclusion,” “Culture,” or “Belonging,” while providing little explanation as to whether the changes are substantive or primarily cosmetic. For example, CVS Health renamed its public-facing DEI page to ”Inclusion & Belonging” without issuing a public statement explaining the change. The company also stopped referencing a diversity pay metric for leadership in their annual 10-K filing. Similarly, Home Depot quietly removed its DEI webpage and replaced it with a ”Living Our Values“ section. While these changes alter the public branding, they do not necessarily clarify whether the companies’ underlying policies or priorities have materially changed. From a shareholder perspective, this lack of transparency can create uncertainty about a company’s strategic direction and how it intends to approach politically and socially contentious issues going forward. It is in companies’ best fiduciary interest to clearly communicate whether they are maintaining, modifying, or discontinuing DEI-related initiatives rather than simply changing terminology. Providing that clarity allows shareholders and other stakeholders to better understand the company’s priorities and evaluate whether its policies remain focused on advancing its core business objectives and long-term fiduciary responsibilities. Home Depot’s Previous DEI Page vs Its “Rebranded” Page
Schwab and Walmart get it right on not covering “gender transitions” for minors
July 28, 2026Consider the millions of working parents who show up every day at their jobs, work hard to support their families and pay into their company’s healthcare plans. They trust that their premiums will fund genuine medical care, not repeat one of medicine’s darkest mistakes. In our not-so-distant past, frontal lobotomies were performed to “treat” psychiatric conditions — despite limited evidence of effectiveness. The operations had devastating long-term effects and no proven medical benefit. It was not long before the world realized what a serious mistake was being committed and put a stop to this abusive “treatment.” Today’s unproven “gender-affirming” interventions on minors use surgery, hormones and puberty blockers to address a mental health condition with similarly irreversible consequences: permanent sterilization, the removal of healthy organs and lifelong physical and emotional damage. No responsible modern healthcare plan would cover frontal lobotomies, yet many quietly fund these experimental sex-denying procedures on children. Let us not repeat that shameful history on our gender-dysphoric youths. This is not healthcare. These are not medically necessary procedures. These are not minor adjustments or reversible treatments. They are costly, permanently damaging experiments on our children, who lack the maturity and legal capacity to count the cost of …
1792 Exchange applauds the meaningful progress at Charles Schwab
July 8, 2026Inspire Investing deserves strong credit for years of dedicated corporate engagement and a broader commitment to policies that advance human dignity, viewpoint diversity, and long-term shareholder value. Inspire began engaging Schwab in 2023, constructively raising key issues around political neutrality, employee benefits, and workplace culture. Their persistence helped bring these matters forward and supported productive, ongoing dialogue with the company. We especially commend Charles Schwab for their action to stop covering medical gender interventions for minors and to exit the Human Rights Campaign’s Corporate Equality Index. The company confirmed to Inspire that its current self-insured health plan, as well as third-party administered plans available to employees, no longer cover gender-transition surgeries or pharmaceutical treatments for minors. Schwab has also ceased participation in the HRC’s index. These steps reflect strong leadership in refocusing on core business priorities rather than ideological agendas. The company further clarified that religious organizations remain eligible for its employee gift-matching program. Based on these developments, Inspire withdrew its shareholder proposal. Schwab is to be applauded as only the second major company we know to publicly taking this step to protect minors (after Walmart). We know other companies have taken or are considering taking similar action, and we encourage …