Travelers Companies
Corporate Bias Rating
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Risk Level:
Summary:
The Travelers Companies, In., commonly known as Travelers, is an American insurance company. As part of its ESG commitments, Travelers has started to phase out its relationships that don't meet its ESG criteria by 2030. Travelers 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, Travelers 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. Travelers 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. Travelers has donated to the National Urban League and is a copper sponsor of Out & Equal, the self-proclaimed "premier organization working exclusively on LGBTQ workplace equality." Travelers is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional and legal obligations to shareholders. The company is a Corporate Member of the Mid-America LGBT Chamber of Commerce. For these reasons, Travelers receives a High Risk rating.
Board Bias
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CEO of Travelers Companies
Alan D. Schnitzer
Summary:
Headquartered in New York, New York, Travelers Companies is a member of the Fortune 250 operating in the Insurance industry. Alan D. Schnitzer and Alan D. Schnitzer 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 $977,902 to Republican causes and $988,845 to Democratic causes. Under their tenure, Travelers Companies currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$977,902
$988,845
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/24/23 | Social | Trillium Asset Management | Racial Equity Audit | Against | 34.90% |
5/24/23 | Social | Trillium | Shareholder Proposal Relating to Conducting a Racial Equity Audit | Against | 34.90% |
5/24/23 | Environmental | As You Sow | Report on Measuring Underwriting of GhG Emissions | Against | 14.50% |
5/24/23 | Environmental | As You Sow | Shareholder Proposal Relating to the Issuance of a Report on GHG Emissions | Against | 14.50% |
5/24/23 | Social | Arjuna Capital | Report to Ensure Insurance Policies do not Cover Police Racist Brutality | Against | 10.30% |
5/24/23 | Social | Arjuna Capital | Shareholder Proposal Relating to the Issuance of a Report on Insuring Law Enforcement | Against | 10.30% |
5/24/23 | Environmental | Green Century Capital Management | Adopt Policies to Ensure Underwriting does not Support Fossil Fuels | Against | 8.70% |
5/24/23 | Environmental | Green Century Capital Management | Shareholder Proposal Relating to Policies regarding Fossil Fuel Supplies | Against | 8.70% |
5/24/23 | Social | New York State Common Retirement Fund | Report Relating to Third-Party Political Contributions | Against | 0.00% |
5/25/22 | Environmental | As You Sow | Report on Efoort to Measure, Disclose and Reduce GHG Emissions Associated with Underwriting | Against | 55.24% |
5/25/22 | Social | First Affirmative Financial Network | Report on Lobbying Payments and Policy | Against | 52.34% |
5/25/22 | Social | Trillium Asset Management | Oversee and Report a Racial Equity Audit | Against | 46.60% |
5/25/22 | Environmental | Green Century Capital Management | Adopt Underwriting Policies in Alignment with IEA's Net-zero 2050 Senario | Against | 13.07% |
5/25/22 | Social | Arjuna Capital | Ensure Policies Do Not Support Police Violations of Civil Rights | Against | 9.62% |