Phillips 66

Texas
Energy

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Phillips 66 vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. However, it 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. 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. However, it has not used its PAC contributions for ideological purposes. For these reasons, Phillips 66 receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

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.

Risk Level
Rationale

Phillips 66 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 Human Rights Campaign. Among other requirements, this means Phillips 66 has pledged to vet vendors based on LGBTQ policies (1)(2).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Phillips 66’s charitable giving guidelines require that organizations abide by its nondiscrimination policy including on the basis of sexual orientation and gender, thereby excluding some religious charities (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Phillips 66 does not protect its employees from viewpoint discrimination (1)(2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Phillips 66 CEO Mark Lashier is a member of the Business Roundtable and Former CEO Greg Garland signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (1)(2). When pressured, Phillips 66 did not make a public comment on the Black Lives Matter movement or the death of George Floyd, choosing to focus “internally on its employees” (3).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Phillips 66 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). Phillips 66 is a copper sponsor of Out & Equal (3).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Phillips 66 has not used its PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
November 28, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

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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