American International Group (AIG)

New York
Insurance

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

American International Group (AIG) canceled the insurance policy of former MLB player Curt Schilling after his outspoken support of former President Donald Trump. This termination happened despite AIG's discrimination policy that protects employees from political discrimination, indicating that this policy does not extend to customers. AIG also stopped investing and underwriting for new coal-based companies and plants in 2022. AIG discriminates against religious organizations in its charitable giving and has used its reputation, corporate dollars, and PAC contributions for ideological purposes. The company covers the cost of "medically necessary transition-related care” for its employees and their children. For these reasons, AIG receives a High Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

AIG terminated the insurance policy of former MLB player and outspoken Trump supporter, Curt Schilling, due to his pro-Trump social media posts (1)(2). In 2022, AIG stopped investing and underwriting for new coal-based companies and plants as well as Arctic explorations for energy (3). AIG has received a score of 100 on the Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (5)(6).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

AIG will not match employee donations to churches or religious organizations (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

AIG protects its employees against viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

The company spoke out against North Carolina’s bathroom bill excluding transgender women from using female bathrooms, HB2 (1). AIG denounced the efforts in Georgia and in other states to secure election integrity through state legislation and has committed to multiple acts of advocacy for the LGBTQ community (2)(3). CEO Peter Zaffino is a member of the Business Roundtable and AIG committed to achieving net-zero greenhouse gas emissions by 2050 (4)(5).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

AIG has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). AIG is a copper sponsor of Out & Equal and is a corporate partner of the NGLCC (3)(4). AIG has donated $500,000 to BLM and related causes (5).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

AIG has used its PAC to donate to the Equality Act but lobbies in a manner consistent with its business interests (1)(2)(3).

All links were last accessed and all information was updated on:
December 1, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/10/23GovernanceKenneth SteinerIndependent Board ChairAgainst45.10%
5/4/23GovernanceSEIU Master TrustReport on Lobbying ActivitiesAgainst29.70%
5/4/23GovernanceJohn CheveddenGive the Owners of 10% of Common Stock the Power to Call a Special Shareholder MeetingAgainst22.00%
5/11/22GovernanceKenneth SteinerSpecial Meetings - Reduce Ownership Req. to 10%Against38.49%
5/5/22EnvironmentalAs You SowReport on 2050 Net-zero Goals and Explain its Current PoliciesAgainst28.10%
Generate Reports
Clear
Toast

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.

Accept