State Farm Insurance
Corporate Bias Rating
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Risk Level:
Summary:
State Farm Insurance is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. State Farm embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.
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CEO of State Farm Insurance
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 serves as CEO/President and Chairman, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $838,077 to Republican causes and $129,085 to Democratic causes. Under their tenure, State Farm Insurance currently holds a 'High Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$838,077
$129,085
Republican
Democrat
Shareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/4/24 | Social | Meredith Benton | Greater Disclosure of Material Corporate Diversity | Against | 20.35% |
| 5/4/24 | Governance | Segal Marco Advisors | Form a Railroad Safety Committee | Against | 3.56% |
| 5/4/24 | Environmental | National Center for Public Policy Research | Goal to reach GHG emissions by 2050 | Against | 0.78% |
| 5/4/24 | Social | National Legal and Policy Center | Shareholder Proposal Concerning a Report on Operations in China | Against | 1.39% |
| 5/4/24 | Environmental | As You Sow | Climate-Related Transition Planning | Against | 20.75% |
| 5/4/24 | Environmental | Michael Frerichs | Disclose and Reduce GHG Emissions | Against | 17.53% |
| 5/17/23 | Environmental | John Chevedden | Stockholder proposal regarding a report on the Company's greenhouse gas emissions | Against | 47.68% |
In the News
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