State Farm Insurance

Bloomington, Illinois
Insurance

Corporate Bias Rating

Expand Summary

Risk Level:

Rating - Danger
High Risk

Summary:

State Farm Insurance 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, State Farm 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. State Farm 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. Leaked emails showed that State Farm partnered with The GenderCool Project to implement children's books about transgenderism and LGBTQ ideologies with kids in elementary school classrooms. After Consumers' Research reported on a State Farm employee inviting local agents to plant transgender books in children's libraries, State Farm abruptly ended the project. The company signed an amicus brief in support of Bostock v. Clayton County (a Supreme Court case arguing that the 1964 Civil Rights act applies to sexual identity). State Farm's CEO, Michael L. Tipsord, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. State Farm donated $110K to support LGBTQ organizations including, Out & Equal, The Trevor Project, and Matthew Shepard Foundation. The company is a copper sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce. State Farm is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. State Farm committed $100 million to support issues of racial equity and justice and $1 million donation toward education and research around social injustices and its impact to communities. For these reasons, State Farm receives a High Risk rating.

View Full Corporate Bias Ratings Report

Board Bias

Expand Summary

CEO of State Farm Insurance

Michael L. Tipsord

Michael L. Tipsord

Summary:

Headquartered in Bloomington, Illinois, State Farm Insurance is a member of the Fortune 250 operating in the Insurance industry. Michael L. Tipsord and Michael L. Tipsord 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 $1,316,232 to Republican causes and $121,878 to Democratic causes. Under their tenure, State Farm Insurance currently holds a 'High Risk' risk rating.

View Full Board Bias Report

Political Contributions of Leadership:

$1,316,232

$121,878

Republican

Democrat

Shareholder Proposals

Expand Summary

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/4/24SocialMeredith BentonGreater Disclosure of Material Corporate DiversityAgainst20.35%
5/4/24GovernanceSegal Marco AdvisorsForm a Railroad Safety CommitteeAgainst3.56%
5/4/24EnvironmentalNational Center for Public Policy ResearchGoal to reach GHG emissions by 2050Against0.78%
5/4/24SocialNational Legal and Policy CenterShareholder Proposal Concerning a Report on Operations in ChinaAgainst1.39%
5/4/24EnvironmentalAs You SowClimate-Related Transition PlanningAgainst20.75%
5/4/24EnvironmentalMichael FrerichsDisclose and Reduce GHG EmissionsAgainst17.53%
5/17/23EnvironmentalJohn CheveddenStockholder proposal regarding a report on the Company's greenhouse gas emissionsAgainst47.68%
Generate Reports
Clear
Toast