Travelers Companies

New York, New York
Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

The Travelers Companies, as part of its ESG commitments, has started to phase out its relationships that don't meet its ESG criteria by 2030. 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. 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 provides unconscious bias training for its employees and encourages them to complete a diversity education program. CEO Alan Schnitzer is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers. Travelers employs a Chief Diversity & Inclusion officer and a Diversity Council. 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." The company is a Corporate Member of the Mid-America LGBT Chamber of Commerce. For these reasons, Travelers receives a High Risk rating.

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Board Bias

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CEO of Travelers Companies

Alan D. Schnitzer

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 $989,095 to Democratic causes. Under their tenure, Travelers Companies 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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