Progressive
Corporate Bias Rating
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Risk Level:
Summary:
Progressive scored an 85 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, Progressive 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. Progressive 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. Progressive has pledged to vet vendors for pro-LGBTQ policies and corporately advocate for the LGBTQ community. Progressive is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. Its nondiscrimination policy does not protect its employees from viewpoint discrimination. Progressive has not publicly terminated business relationships based on views or beliefs, though. For these reasons, Progressive receives a High Risk rating.
Board Bias
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CEO of Progressive
Tricia Griffith
Summary:
Headquartered in Mayfield, Ohio, Progressive is a member of the Fortune 250 operating in the Insurance industry. Tricia Griffith and Lawton W. Fitt 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 $79,575 to Republican causes and $10,000 to Democratic causes. Under their tenure, Progressive currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$79,575
$10,000
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/10/24 | Social | National Center for Public Policy Research | Report to Shareholders on Risks Created by the Company's Diversity, Equity, and Inclusion Efforts | Against | N/A |