State Farm Insurance

Bloomington, Illinois
Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

State Farm Insurance 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, State Farm 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. 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. The company uses its reputation and corporate dollars to support LGBTQ causes and organizations. State Farm is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, State Farm receives a High Risk rating.

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Board Bias

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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.

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Political Contributions of Leadership:

$1,316,232

$121,878

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/4/24SocialMeredith BentonGreater Disclosure of Material Corporate DiversityAgainstN/A
5/4/24GovernanceSegal Marco AdvisorsForm a Railroad Safety CommitteeAgainstN/A
5/4/24EnvironmentalNational Center for Public Policy ResearchGoal to reach GHG emissions by 2050AgainstN/A
5/4/24SocialNational Legal and Policy CenterShareholder Proposal Concerning a Report on Operations in ChinaAgainstN/A
5/4/24EnvironmentalAs You SowClimate-Related Transition PlanningAgainstN/A
5/4/24EnvironmentalMichael FrerichsDisclose and Reduce GHG EmissionsAgainstN/A
5/17/23EnvironmentalJohn CheveddenStockholder proposal regarding a report on the Company's greenhouse gas emissionsAgainst47.68%
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