Your servent relentlessly hunting for interesting news stories around the world. "The FORTUNE 500 have overwhelmingly decided that including sexual orientation is in the best corporate interest and helps communicate corporate values to the estimated $660 billion annual domestic GLBT consumer market," stated Malcolm Lazin, Executive Director, Equality Forum.
According to Gallup's May 2008 Values and Beliefs Poll, 89% of U.S. citizens believe gays and lesbians should have equal rights in job opportunities. There is currently no federal workplace protection based on sexual orientation. Twenty states include sexual orientation nondiscrimination in their workplace statutes.
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"The FORTUNE 500 have overwhelmingly decided that including sexual orientation is in the best corporate interest and helps communicate corporate values to the estimated $660 billion annual domestic GLBT consumer market," stated Malcolm Lazin, Executive Director, Equality Forum.
According to Gallup's May 2008 Values and Beliefs Poll, 89% of U.S. citizens believe gays and lesbians should have equal rights in job opportunities. There is currently no federal workplace protection based on sexual orientation. Twenty states include sexual orientation nondiscrimination in their workplace statutes.
Senator Obama favors and Senator McCain opposes including sexual orientation in the federal Employment Non-Discrimination Act (ENDA). In 2007, the House of Representatives voted 235 to 184 to amend ENDA to add sexual orientation. Thirty-five Republicans voted for the amendment.
In fall 2003, when Equality Forum began contacting the FORTUNE 500 companies, 323 (64.6%) companies explicitly provided sexual orientation protection in their workplace policies. Equality Forum reached out to the CEOs, Human Resource Directors and all members of the Boards of Directors of the 177 (35.4%) companies without this protection. By fall 2004, 405 (81%) FORTUNE 500 companies included sexual orientation in workplace nondiscrimination policies.
Equality Forum and Professors Thomas and Ayres communicated with 25 large institutional investors to solicit their support on proxy statements requesting sexual orientation nondiscrimination at companies not providing that protection. In response, Vanguard was among the large institutional shareholders that determined that it was in the best shareholder interest to support sexual orientation workplace protection.
Exxon Mobil is the largest of the FORTUNE 500 that does not specifically provide sexual orientation protection. At the 2006, 2007 and 2008 annual Exxon Mobil shareholders meetings, Vanguard voted its proxy of 194 million shares for including sexual orientation workplace equality and against Exxon Mobil management's opposition.
For more information on the FORTUNE 500 Project, visit www.equalityforum.com/fortune500. The names of the FORTUNE 500 Companies that are compliant and noncompliant are listed alphabetically and by revenue size, industry and the state in which they are headquartered.
Noncompliant Companies
| AES Aleris International Auto-Owners Insurance BJ Services Cameron International Celanese CHS Commercial Metals D.R. Horton DISH Network Energy Transfer Equity Expeditors International of Washington Exxon Mobil Fidelity National Financial Frontier Oil GMAC Holly Huntsman Jarden KBR Leggett & Platt Perini Pilgrim's Pride Plains All American Pipeline Targa Resources TRW Automotive Holdings Universal Health Services Virgin Media Western Refining |
Source: www.equalityforum.com.