Travelers
Corprate Bias Ratings
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 vets vendors according to LGBTQ policies and covers the cost of "medically necessary transition-related care" for its employees and their children. It does not provide viewpoint protections for its employees. 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. It has not used its political contributions to advance ideological causes, though. For these reasons, Travelers receives a High Risk rating.
Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
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). The company received a score of 100 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (3)(4).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Travelers will not donate to “religious organizations, unless it can be shown that the organization is seeking charitable funds in the direct interest of the whole community” (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Travelers does not provide viewpoint protections for its employees (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Travelers has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). Travelers has donated $1,000,000 to the Black Lives Matter movement and related causes (3)(4). Travelers is also a copper sponsor of Out & Equal (5).
All links were last accessed and all information was updated on:
November 30, 2023
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Voting History
| 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% |