Phillips 66
Corporate Bias Rating
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Risk Level:
Summary:
Phillips 66 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, Phillips 66 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. 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. For these reasons, Phillips 66 receives a High Risk rating.
Board Bias
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CEO of Phillips 66
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.
Political Contributions of Leadership:
$14,000
$23,318
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/10/23 | Environmental | As You Sow on behalf of Handlery Hotels, Inc. and Meyer Memorial Trust | Petrochemical Risks | Against | 11.80% |
5/10/23 | Environmental | As You Sow | Report on Impact to Chemicals Business under the System Change Scenario | Against | 11.60% |
5/11/22 | Environmental | As You Sow | Report on Reducing Plastic Pollution | Against | 49.84% |
5/11/22 | Environmental | Follow This | Adopt GHG Emissions Reduction Targets Aligned with Paris Agreement Agreement | Against | 35.63% |