State Farm Insurance
Corporate Bias Rating
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Risk Level:
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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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 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 ReportPolitical Contributions of Leadership:
$1,316,232
$121,878
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 | N/A |
5/4/24 | Governance | Segal Marco Advisors | Form a Railroad Safety Committee | Against | N/A |
5/4/24 | Environmental | National Center for Public Policy Research | Goal to reach GHG emissions by 2050 | Against | N/A |
5/4/24 | Social | National Legal and Policy Center | Shareholder Proposal Concerning a Report on Operations in China | Against | N/A |
5/4/24 | Environmental | As You Sow | Climate-Related Transition Planning | Against | N/A |
5/4/24 | Environmental | Michael Frerichs | Disclose and Reduce GHG Emissions | Against | N/A |
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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