Goodyear Tire & Rubber Co. | Interfaith Center on Corporate Responsibility

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<strong>Company:</strong>
<p>Goodyear Tire & Rubber Co.</p>
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<strong>Year:</strong>
<p>2025 </p>
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<strong>Issue Area:</strong>
<p>Inclusiveness </p>
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<strong>Focus Area:</strong>
<p>Racial Justice </p>
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<strong>Status:</strong>
<p>Filed</p>
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<h2>Resolution Text</h2>
<p><strong>BE IT RESOLVED:</strong> Shareholders request that Goodyear Tire and Rubber Company report on the effectiveness of the Company’s diversity, equity, and inclusion efforts to create a workplace where all employees can contribute to the Company’s success. The disclosure should be done at a reasonable expense, exclude proprietary information, and provide transparency on outcomes using quantitative metrics for hiring, retention, and promotion of employees, including data by gender, race, and ethnicity.</p>
<p class><strong>SUPPORTING STATEMENT:</strong> Quantitative data is sought so that investors can assess and compare the effectiveness of companies’ efforts to ensure meritocratic workplaces. It is advised that this content be provided through existing sustainability reporting. An independent report is not requested.</p>
<p class><strong>WHEREAS:</strong> Racial discrimination is prohibited under the Civil Rights Act of 1964.</p>
<p class>Research indicates that investors benefit from companies with more diverse management. As examples:</p>

<p class>McKinsey studies have consistently found that companies with greater diversity in corporate leadership are more likely to outperform peers on profitability. This includes a 39 percent greater likelihood of outperformance for companies in the top quartile for gender or ethnic representation in their executive teams, versus those in the bottom quartile.[1]</p>

<p class>Research from Whistle Stop Capital and As You Sow reviewed management diversity at over 1,600 companies. Linear regression found statistically significant positive correlations to key financial performance indicators, such as: return on equity, return on invested capital, revenue growth, and, as illustrated above, share price performance.[2]</p>

<p class>A 2024 meta-analysis found that companies with diversity and inclusion initiatives experience a range of benefits that include increased innovation, enhanced employee engagement and satisfaction, and improved decision-making.[3]</p>

<p class>Importantly, researchers have found that in an uncertain political and economic climate, more diverse teams demonstrate greater adaptability.[4]</p>

<p class>Companies must protect their workplaces against discrimination, and investors must have meaningful data to monitor their effectiveness in doing so. Unfortunately, studies show that women and people of color face barriers in recruitment, hiring, and promotion.[5]</p>
<p class>Investors have reason to be exceptionally concerned with Goodyear’s workplace equity practices. In a research study looking at hiring practices, Goodyear was identified as one of the companies with the “clearest preference for White candidates.”[6]</p>
<p class>As of this resolution’s filing, Goodyear has yet to release its consolidated EEO-1 form, which shows its workforce diversity. In addition, the Company has not disclosed sufficient hiring, promotion, or retention data to allow investors to effectively assess the Company’s ability to build and maintain diverse management teams.</p>
<p class>More than two-thirds of the S&P 500 and almost half of the Russell 1000 have released, or committed to release, their EEO-1 forms. AutoZone, O’Reilly Automotive, and Ford are just some of the companies that release more diversity and inclusion data than Goodyear. <br> </p>
<p class>[1] https://www.mckinsey.com/featured-insights/diversity-and-inclusion/diversity-matters-even-more-the-case-for-holistic-impact</p>
<p class>[2] https://www.asyousow.org/report-page/2023-capturing-the-diversity-benefit</p>
<p class>[3]https://www.researchgate.net/publication/380115625_ENHANCING_ORGANIZATIONAL_PERFORMANCE_THROUGH_DIVERSITY_AND_INCLUSION_INITIATIVES_A_META-ANALYSIS</p>
<p class>[4] https://hbr.org/2023/05/how-investing-in-dei-helps-companies-become-more-adaptable</p>
<p class>[5] https://www.bloomberg.com/opinion/features/2024-07-29/white-men-the-most-likely-to-get-hired-even-with-dei-finds-research; https://mitsloan.mit.edu/ideas-made-to-matter/women-are-less-likely-men-to-be-promoted-heres-one-reason-why</p>
<p class>[6] https://www.bloomberg.com/opinion/features/2024-07-29/white-men-the-most-likely-to-get-hired-even-with-dei-finds-research</p>

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<h3>Lead Filer</h3>
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<div class=”views-field views-field-nothing”><span class=”field-content”> Lyndsay Fritz</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>Amalgamated Bank</span></div>
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<strong>Focus Area:</strong>
<p>Recycling </p>
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<strong>Status:</strong>
<p>Filed</p>
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<h2>Resolution Text</h2>
<p>WHEREAS: Plastic, with a lifecycle social cost at least ten times its market price, threatens the world’s oceans, wildlife, and public health.1Of particular concern are micro plastic particles smaller than 5 millimeters in size, which contribute to an estimated 11% of total plastic leakage. As of 2019, an estimated 171 trillion microplastic particles have been released into the world’s oceans.2 The largest source of microplastic leakage into the ocean is tire dust, constituting 78%of leakage mass.3</p>
<p>Studies looking into tire and road wear particles suggest that such chemicals and particles are polluting the air and leaching into bodies of water and surrounding environments. Six million tons of tire wear particles, which can contain toxic chemicals and heavy metals, are released globally each year.4 Large particles are transported by road runoff via rainwater, resulting in the leaching of toxic chemicals and environmental damage; micro and nanoscale tire particles maybe small enough to become airborne and ingested.</p>
<p>Goodyear’s corporate responsibility report states that studies sponsored by the Tire Industry Project, a CEO-led initiative of ten of the world’s major tire companies, have found that tire and road wear particles are “unlikely to have a significant impact on human health and the environment.”5 However, a recent report from Imperial College London refers to “emerging evidence that tyre wear particles and other particulate matter may contribute to a range of negative health impacts including heart, lung, developmental, reproductive, and cancer outcomes.”6In 2020, it was discovered that a chemical used in tire production, 6PPD-quinone, was responsible for a mass die-off of coho salmon on the U.S. West Coast. 7 Another study found that such particles traveling on the wind are an even more significant source of ocean pollution than such particles traveling through rivers.8</p>
<p>To reduce growing reputational risk and mandatory regulations, tire companies should prioritize research and innovation on ways to reduce shedding. New European Commission Euro 7 emissions standards, currently under development, will be the first to regulate tire emissions. Competitor Michelin reports that its research into tire pollution helped it develop tires with 5%less wear emissions over a five-year period. Our Company should at least be able to match this.</p>
<p>BE IT RESOLVED: Shareholders request that the Board adopt policies that result in setting tire wear-shedding reduction goals and timelines.</p>
<p>SUPPORTING STATEMENT: The policies should consider, at Board discretion:</p>

Mounting evidence of harm to animals and human health from tire particles;
The reputational and financial risks of not moving to expeditiously set tire wear shedding goals;
Potential actions necessary to significantly reduce tire shedding.

<p>1 https://wwfint.awsassets.panda.org/downloads/wwf_pctsee_report_english.pdf</p>
<p>2 https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0281596</p>
<p>3 https://www.pewtrusts.org/-/media/assets/2020/07/breakingtheplasticwave_report.pdf</p>
<p>4 https://www.sciencedirect.com/science/article/pii/S0048969720313358</p>
<p>5 https://corporate.goodyear.com/content/dam/goodyear-corp/documents/responsibility/Goodyear_CRR_2023-FINAL.pdf</p>
<p>6 https://www.imperial.ac.uk/news/243333/prioritise-tackling-toxic-emissions-from-tyres/#:~:text=Tyre%20wear%20particles%20accumulate%20in,to%20this%20type%20of%20pollution;https://spiral.imperial.ac.uk/bitstream/10044/1/101707/9/Tyre%20wear%20particles%20are%20toxic%20for%20us%20and%20the%20environment%200223-2.pdf</p>
<p>7 `https://www.science.org/doi/10.1126/science.abd69518https://www.nature.com/articles/s41467-020-17201-9</p>
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<h3>Lead Filer</h3>
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<div class=”views-field views-field-nothing”><span class=”field-content”>Mr. Conrad MacKerron</span></div><div class=”views-field views-field-title views-field-field-shareholder”><span class=”field-content”>As You Sow</span></div>
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Report on Effectiveness of Company’s Efforts to Create a Meritocratic Workplace