Harley-Davidson, Inc. (HOG)

Environment story

Harley-Davidson shows moderate environmental performance with significant constraints. Scope 1 and 2 emissions data are undisclosed in the 10-K, triggering a 15-point deduction. No verifiable net-zero target year is disclosed, resulting in an additional 15-point penalty. The company manufactures primarily internal combustion engine motorcycles (74.3% of HDMC revenue), which inherently produce operational and Scope 3 product-use emissions without disclosed mitigation strategies. LiveWire segment ($25.7M revenue, 0.6% of total) represents early-stage electric diversification. The company states it complies with EPA/CARB emissions standards and expects tighter regulations, but relies on future compliance investments rather than current reductions. No evidence of physical decarbonization infrastructure beyond regulatory compliance. The 10-K discloses voluntary product recalls ($28.2M over 3 years) but no toxic-waste controversies or water-resource issues. Overall assessment reflects a fossil-fuel-dependent business model with limited current decarbonization action.

Social story

Harley-Davidson demonstrates moderate social performance with unionized workforce and documented safety focus, but limited diversity disclosure and unresolved labor-relation uncertainties. The company employs ~5,500 staff globally with 31.5% (1,700) unionized hourly workers covered by three active collective bargaining agreements expiring 2027–2029. Union standing is neutral-to-positive: company operates under agreed frameworks with IAM and USW without reported active suppression or recent strikes. Safety metrics are strong (0.23 Recordable Case Incident Rate, 0.03 lost-time rate). However, diversity data is not disclosed in the 10-K, preventing calculation of leadership or workforce diversity percentages; CEO-to-median-worker pay ratio is not disclosed. The 10-K explicitly acknowledges H Partners activist campaign in April 2025 challenging board composition and management, which was costly but resolved in management's favor. Supply-chain human-rights risks are acknowledged (raw material sourcing, contract manufacturers in Taiwan/China for STACYC) but not audited or detailed. Pay transparency initiatives and mental health investment are noted. Overall, the company balances unionized labor stability with emerging diversity and activist governance concerns.

Governance story

Harley-Davidson shows moderate governance performance with structural and political constraints. No dual-class share structure is disclosed, which is positive. Board independence percentage is not disclosed in the 10-K, preventing direct verification against the 75% threshold. The company operates under NYSE listing standards and SEC reporting requirements, which impose governance discipline, but also faces competitive disclosure disadvantages versus non-public peers. Lobbying expenditures and detailed political engagement are referenced in the 10-K as available on investor relations website but not quantified in the filing itself. The company disclosed a 2025 activist shareholder challenge (H Partners) focused on board and management accountability, which was contested but reflects governance stress. No active antitrust, consumer-safety, or financial-fraud regulatory proceedings are disclosed. Governance maturity is moderate with standard committees (Audit, HR, Nominating, Sustainability & Safety) and published policies (Code of Conduct, Supplier Code, Environmental & Energy Policy, Clawback Policy), but lack of diversity metrics and board independence disclosure limits full assessment.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Harley-Davidson, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Harley-Davidson, Inc. in the app for interactive charts and portfolio building.

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