Chevron Corporation
Corprate Bias Ratings
Risk Level:
Summary:
Chevron vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care” for its employees and their children. Chevron pledged $15 million to BLM and related causes. Additionally, the company funds Planned Parenthood, the Human Rights Campaign (HRC), and multiple LGBT organizations. Chevron is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. For these reasons, Chevron receives a "Medium Risk" rating.
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.
Chevron has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index from the HRC. Among other requirements, this means Chevron has pledged to vet vendors based on LGBTQ policies (1).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Chevron permits donations to religious organizations as long as the recipient program is “open to all individuals in the community regardless of religious belief; (b) serve a secular purpose, such as a food pantry or a homeless shelter; and (c) do not require participants to join in religious worship as a condition of receiving the services that the nonprofit offers” (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Chevron does not protect its employees from viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Chevron 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). Chevron signed an open letter in support of the Equality Act (3). Chevron CEO Mike Wirth is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (4)(5).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Chevron is a Silver Corporate Partner of the HRC (1). Chevron also enables donations to Planned Parenthood through charitable gift matching (2). Chevron has pledged $15 million to the Black Lives Matter movement and related causes (3)(4). Chevron is a copper sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce (5)(6).
All links were last accessed and all information was updated on:
July 1, 2023
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Voting History
| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/31/23 | Governance | Newground Social Investment | Adopt a Policy Requiring Chairman to be an Independent Member | Against | 19.90% |
| 5/31/23 | Environmental | United Steelworkers | Report on Worker and Community Impact from Facility Closures and Energy Transitions | Against | 18.60% |
| 5/31/23 | Environmental | As You Sow | Disclose a Recalculated Emissions Baseline | Against | 18.30% |
| 5/31/23 | Governance | Oxfam America | Report on Tax Practices | Against | 14.60% |
| 5/31/23 | Social | American Baptist Home Mission Society | Report on Racial Equity Audit | Against | 9.80% |
| 5/31/23 | Environmental | Follow This | Adopt Goals/Reduce Scope 3 GHG Emissions | Against | 9.60% |
| 5/31/23 | Environmental | David Bahnsen | Establish Board on Decarbonization Risk | Against | 1.60% |
| 5/31/23 | Environmental | Steven Milloy | Rescind 2021 Proposal to Reduce Scope 3 Emissions | Against | 1.30% |
| 5/25/22 | Environmental | Hermes Equity Ownership Services Ltd. | Report on Reliability of Methane Emission Disclosures | For | 98.00% |
| 5/25/22 | Social | Investor Advocates for Social Justice | Racial Equity Audit | Against | 47.50% |
| 5/25/22 | Environmental | As You Sow | Report on Impacts of Net-zero 2050 Scenario | Against | 38.70% |
| 5/25/22 | Environmental | Follow This | Adopt Medium- & Long-term GHG Reduction Targets | Against | 32.60% |
| 5/25/22 | Governance | Newground Social Investment | Special Meetings - Reduce Ownership Req. to 10% | Against | 27.40% |
| 5/25/22 | Social | Unitarian Universalist Assoc. | Report on Adopting Policy of Not Doing Business with Governmentsts Complicit in Genocide | Against | 12.40% |
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