American International Group (AIG)

New York, New York
Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

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 scored an 80 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. AIG forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company spoke out against North Carolina's bathroom bill excluding transgender women from using female bathrooms, HB2. 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. The company’s CEO, Peter Zaffino, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. AIG is a copper sponsor of Out & Equal and a corporate partner of the NGLCC. The company donated to the Equality PAC. For these reasons, AIG receives a High Risk rating.

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Board Bias

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CEO of American International Group (AIG)

Peter Zaffino

Peter Zaffino

Summary:

Headquartered in New York, New York, American International Group (AIG) is a member of the Fortune 250 operating in the Insurance industry. Peter Zaffino and Peter Zaffino serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $24,600 to Republican causes and $27,550 to Democratic causes. Under their tenure, American International Group (AIG) currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$24,600

$27,550

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/10/23GovernanceKenneth SteinerIndependent Board Chairagainst45.13%
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%
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