Travelers

New York, New York
Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

The Travelers Companies 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. Travelers 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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Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Travelers adopted a climate policy in 2022, that stops all underwriting with power plants energized by coal (1). Travelers will “phase out” all existing relationships by 2030 (2). Travelers received a score of 100 on the 2025 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (3)(4). 

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Travelers HRC 2025 CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (1)(2). The company’s charitable giving guidelines require that organizations abide by its nondiscrimination policy, including on the basis of sexual orientation and gender identity, thereby excluding some religious charities (3)(4). Travelers likely uses Benevity as its charitable giving platform. Benevity vets charities according to the Southern Poverty Law Center’s Hate List, which includes mainstream libertarian, conservative, family, and religious advocacy organizations (5)(6)(7).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level
Rationale

Travelers HRC 2025 CEI rating indicates the company forces employees to attend multiple, controversial trainings on gender identity, sexual orientation, transgender issues, and divisive racial ideology. The company provides gender transition guidelines for its employees and a specific benefits guide with a comprehensive explanation of transgender services funded by the company (1)(2). The company offers unconscious bias training and a diversity education program to its employees (3). The company requires all its employees to complete a conscious inclusion workshop (4). The company does not provide viewpoint protections for its employees (5).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Travelers HRC 2025 CEI rating indicates the company agrees to allow a controversial stakeholder group focused on sexual identity issues to dictate marketing or advertising strategy. By doing so, the company risks dividing employees, alienating customers and harming shareholders (1)(2). CEO Alan Schnitzer is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders (3)(4). The company employs a Chief Diversity & Inclusion officer (5). Travelers scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group (6)(7).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Travelers HRC 2025 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology. By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders (1)(2). The company has donated $1,000,000 to the Black Lives Matter movement and related causes (3)(4). The company is a copper sponsor of Out & Equal (5). The company is a Corporate Member of the Mid-America LGBT Chamber of Commerce (6)(7). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (8).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level
Rationale

Travelers HRC 2025 CEI rating indicates the company publicly advocated for controversial sex and gender ideology through local, state or federal legislation or initiatives. By allowing a political stakeholder group to dictate operations, the company risks dividing employees, alienating customers and harming shareholders (1)(2). The company has not used its PAC donations or lobbying for ideological purposes (3)(4)(5).

Board Bias

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CEO of Travelers

Alan D. Schnitzer

Alan D. Schnitzer

Summary:

Headquartered in New York, New York, Travelers is a member of the Fortune 250 operating in the Insurance industry. Alan D. Schnitzer 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 $977,902 to Republican causes and $989,095 to Democratic causes. Under their tenure, Travelers currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$977,902

$989,095

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/24/23SocialTrillium Asset ManagementRacial Equity AuditAgainst34.90%
5/24/23SocialTrilliumShareholder Proposal Relating to Conducting a Racial Equity AuditAgainst34.90%
5/24/23EnvironmentalAs You SowReport on Measuring Underwriting of GhG EmissionsAgainst14.50%
5/24/23EnvironmentalAs You SowShareholder Proposal Relating to the Issuance of a Report on GHG EmissionsAgainst14.50%
5/24/23SocialArjuna CapitalReport to Ensure Insurance Policies do not Cover Police Racist BrutalityAgainst10.30%
5/24/23SocialArjuna CapitalShareholder Proposal Relating to the Issuance of a Report on Insuring Law EnforcementAgainst10.30%
5/24/23EnvironmentalGreen Century Capital ManagementAdopt Policies to Ensure Underwriting does not Support Fossil FuelsAgainst8.70%
5/24/23EnvironmentalGreen Century Capital ManagementShareholder Proposal Relating to Policies regarding Fossil Fuel SuppliesAgainst8.70%
5/24/23SocialNew York State Common Retirement FundReport Relating to Third-Party Political ContributionsAgainst0.00%
5/25/22EnvironmentalAs You SowReport on Efoort to Measure, Disclose and Reduce GHG Emissions Associated with UnderwritingAgainst55.24%
5/25/22SocialFirst Affirmative Financial NetworkReport on Lobbying Payments and PolicyAgainst52.34%
5/25/22SocialTrillium Asset ManagementOversee and Report a Racial Equity AuditAgainst46.60%
5/25/22EnvironmentalGreen Century Capital ManagementAdopt Underwriting Policies in Alignment with IEA's Net-zero 2050 SenarioAgainst13.07%
5/25/22SocialArjuna CapitalEnsure Policies Do Not Support Police Violations of Civil RightsAgainst9.62%
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