Resolved clauseShareholders request that Airbnb Inc. conduct an evaluation and issue a report within the next year, at reasonable expense and excluding proprietary and confidential information, analyzing the benefits, costs, and legal, reputational, competitive, and other relevant risks of the company’s charitable support.
Supporting statementCorporations routinely use their platforms to voice support for humanitarian causes and human rights. Unfortunately, some companies provide funds, data, or other resources to advocacy groups leading highly controversial social campaigns — particularly on gender and sexuality — often backing only one side of the debate. Such one-sided giving alienates significant portions of their customers, employees, and shareholders and exposes companies to reputational, market, and legal risk. One notable example is that of Airbnb, which has a perfect score1 on the Human Rights Campaign’s Corporate Equality Index. The Human Rights Campaign is a leading driver in getting companies to promote transgender activism. To get 100 points on its Corporate Equality Index,2 a company ostensibly agrees to cover radical adolescent transgender treatments recommended by the World Professional Association for Transgender Health (WPATH),3 a group widely criticized for its ideological bias and lack of scientific rigor.4 These treatments include gender transition surgery, cross-sex hormone therapy, menstruation suppression, and puberty blockers. Supporting this activism may also alienate Airbnb employees who have religious or other moral objections to supporting these kinds of radical treatments with their healthcare premiums. Given Airbnb’s many past5 diversity initiatives, investors are right to ask whether the company’s charitable partnerships respect the most crucial form of diversity: diversity of viewpoint. These questions must be answered, and with a mind to business-first political neutrality. Partnering with HRC or similar organizations does not do so, given the organization’s pressure on companies to take sides in political engagement. Furthermore, a perfect score on the HRC’s Corporate Equality Index implies6 that the company covers highly controversial healthcare practices, including the coverage of “hormone replacement therapies,” a serious reputational concern for any company aiming for political neutrality and avoidance of public controversy. This isn’t merely a political or social point but a matter of brand value. Airbnb has a Interbrand-estimated7 brand value exceeding $17 billion, roughly 20 percent of its more than $81 billion market cap.8 Given Airbnb’s standing as one of the most high-profile lodging brands in America, and given past controversies9 over brand politicization, specifically politicized divestment concerns, investors are right to be concerned about what further brand politicization could do to company performance. Many companies, including John Deere, Jack Daniels, Harley Davidson, Lowes, Home Depot, Ford, and Coors, have already refocused their charitable support in a manner that acknowledges the diverse views held by their customers and employees.10 Many have explicitly cut ties with groups such as the Human Rights Campaign as a part of this effort. Airbnb should do the same. 1 https://www.hrc.org/resources/corporations/airbnb-inc. 2 https://reports.hrc.org/corporate-equality-index-2025#scoring-criteria 3 https://www.tandfonline.com/doi/pdf/10.1080/26895269.2022.2100644 4 https://adflegal.org/article/leaked-files-reveal-ethical-concerns-pseudoscience-wpath-standards-care/ 5 https://news.airbnb.com/an-update-on-diversity-and-belonging-progress-at-airbnb/ 6 https://reports.hrc.org/corporate-equality-index-2025#scoring-criteria 7 https://interbrand.com/best-global-brands/global/airbnb/ 8 https://finance.yahoo.com/quote/ABNB/ 9 https://www.heritage.org/press/heritage-foundation-sues-airbnb-illegally-excluding-shareholder-proposal-encouraging-company