Travelers

New York
Insurance

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

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.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

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.

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). 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).

Criteria

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

Risk Level
Rationale

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).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Travelers does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

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 (1)(2).

Criteria

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

Risk Level
Rationale

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).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Travelers has not used its political contributions for ideological purposes (1)(2)(3)(4).

All links were last accessed and all information was updated on:
November 30, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

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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