Constellation Energy Corp

Requests that the Board evaluate and publish a report within one year assessing whether the company's diversity, equity, and inclusion (DEI) programs have been and are maintained based on net-present-value and return-on-investment calculations, and including consideration of opportunity costs and risks of litigation or reputational backlash. The proposal asks that the assessment exclude confidential information and notes that simple rebranding of DEI programs should not change the scope of the review. The proponent cites external ratings and concerns—such as a ‘‘High Risk’’ rating from 1792 Exchange, Constellation’s 100% Human Rights Campaign CEI score, race-based employee resource groups, and limited public disclosure of certain training—as rationale for the requested financial and risk analysis. The intended purpose is to give shareholders clearer information about financial impacts and legal/reputational risks associated with DEI spending and programs.