Chubb Insurance
Corprate Bias Ratings
Risk Level:
Summary:
Chubb Insurance terminated all business with the NRA-branded insurance program and stopped underwriting insurance for gun owners using that plan. Chubb also demanded that existing clients reduce methane emissions or risk losing insurance coverage, while also stating that the company would not terminate all relationships with the entire oil and gas industry. Chubb covers the cost of "medically necessary transition-related care” for its employees and their children. The company pledges to vet suppliers according to LGBTQ policies and funds multiple LGBTQ organizations. Chubb pledged over $1 million to BLM and related causes. Chubb is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation which promotes stakeholder capitalism. For these reasons, Chubb receives a High 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.
Chubb Insurance terminated all ties with the NRA’s insurance program (1)(2). Chubb Insurance has demanded that existing clients reduce methane emissions in order to remain insured by the company (3). However, Chubb has also stated that it will not cut off sales to the entire industry of oil and gas producers (4). Chubb Insurance 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).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Chubb does not discriminate against religious organizations in its charitable giving (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Chubb Insurance does not provide viewpoint protections for its employees (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Chubb Limited has signed an open letter in support of the Equality Act (1). The company has stated it is committed to “anti-racism” and does host optional unconscious bias trainings for employees in addition to other race-based seminars (2). Chubb Insurance CEO Evan Greenberg 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 (3)(4).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Chubb Insurance 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). Chubb Insurance has pledged over $1 million to the Black Lives Matter movement and related causes (3)(4). Chubb Insurance is a Brass sponsor of Out & Equal and is a corporate partner of the National LGBT Chamber of Commerce (5)(6).
All links were last accessed and all information was updated on:
November 28, 2023
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Voting History
| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/17/23 | Environmental | As You Sow | Report on GHG Emissions Financing | Against | 28.90% |
| 5/17/23 | Social | Domini Impact Investments LLC | Report on Human Rights Risk Assessment | Against | 16.50% |
| 5/19/22 | Social | As You Sow | Report on Efforts to Reduce Greenhouse Gas Emissions Associated with Underwritin, Insuring, and Investing | Against | 72.18% |
| 5/19/22 | Social | Green Century Capital Management | Policy Restricting Underwriting of New Fossil Fuel Supplies | Against | 19.38% |