Chubb Insurance
Corporate Bias Rating
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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 Insurance scored a 95 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, 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. Chubb 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. Chubb's CEO is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. The company supports the Equality Act and pledged over $1 million to BLM and related causes. Chubb is a Brass sponsor of Out & Equal and is a corporate partner of the National LGBT Chamber of Commerce. For these reasons, Chubb receives a High Risk rating.
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/16/24 | Environmental | As You Sow | Report on Scope 3 GHG Emissions Reporting | Against | N/A |
5/16/24 | Social | Arjuna Capital | Shareholder Proposal on Pay Gap Reporting | Against | N/A |
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% |
In the News
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