Chevron Corporation
Corporate Bias Rating
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Risk Level:
Summary:
Chevron Corp scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Chevron Corporation (Chevron), increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Chevron 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. Chevron pledged $15 million to BLM and related causes and discriminates against some religious organizations in its charitable giving. Additionally, the company funds Planned Parenthood, the Human Rights Campaign (HRC), and multiple LGBT organizations. Chevron and Noble Energy are signatories of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, Chevron receives a High Risk rating.
Board Bias
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CEO of Chevron Corporation
Michael K. Wirth
Summary:
Headquartered in San Ramon, California, Chevron Corporation is a member of the Fortune 250 operating in the Energy industry. Michael K. Wirth and Michael K. Wirth 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 $330,100 to Republican causes and $141,250 to Democratic causes. Under their tenure, Chevron Corporation currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$330,100
$141,250
Republican
Democrat
Shareholder Proposals
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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% |
In the News
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