Phillips 66

DCP Midstream
Houston, Texas
Energy

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Phillips 66 scored a 100 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, Phillips 66 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. Phillips 66 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. Phillips 66 is a copper sponsor of Out & Equal and discriminates against religious organizations in its charitable giving. Phillips 66 is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. DCP Midstream CEO, Wouter Van Kempen, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. For these reasons, Phillips 66 receives a High Risk rating.

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Board Bias

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CEO of Phillips 66

Mark Lashier

Mark Lashier

Summary:

Headquartered in Houston, Texas, Phillips 66 is a member of the Fortune 250 operating in the Energy industry. Mark Lashier and Greg C. Garland 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 $14,000 to Republican causes and $23,318 to Democratic causes. Under their tenure, Phillips 66 currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$14,000

$23,318

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/10/23EnvironmentalAs You Sow on behalf of Handlery Hotels, Inc. and Meyer Memorial TrustPetrochemical RisksAgainst11.80%
5/10/23EnvironmentalAs You SowReport on Impact to Chemicals Business under the System Change ScenarioAgainst11.60%
5/11/22EnvironmentalAs You SowReport on Reducing Plastic PollutionAgainst49.84%
5/11/22EnvironmentalFollow ThisAdopt GHG Emissions Reduction Targets Aligned with Paris Agreement AgreementAgainst35.63%
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