USAA (United Services Automobile Association)

San Antonio, Texas
Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

In 2023, USAA debanked former Trump attorney John Eastman, citing its right to close an account "for any reason without advance notice". Eastman asked about the closures, however, the bank stated that it was their policy not to disclose any further information. USAA 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, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. USAA 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. The company appears to prioritize diversity over merit in its supply chain. USAA CEO Wayne Peacock is a member of the Business Roundtable and Former CEO Stuart Parker signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers. The company’s CEO, Wayne Peacock, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. USAA is a member of the Global Alliance for Responsible Media. The company is a Titanium partner of PFLAG, an LGBTQ+ activist group that promotes books for children with sexually explicit and gender fluid content and advocates against laws that inform parents of their child’s gender dysphoria or prevent unapproved transgender medical treatments for minors. USAA is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. USAA is a brass sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce. USAA participated in the San Antonio and Tampa LGTBQ Pride Parades. For these reasons, USAA receives a High Risk rating.

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Board Bias

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CEO of USAA (United Services Automobile Association)

Wayne Peacock

Wayne Peacock

Summary:

Headquartered in San Antonio, Texas, USAA (United Services Automobile Association) is a member of the Fortune 250 operating in the Insurance industry. Wayne Peacock and Vice Admiral James M. Zortman 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 $68,805 to Republican causes and $78,701 to Democratic causes. Under their tenure, USAA (United Services Automobile Association) currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$68,805

$78,701

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/11/23EnvironmentalAmundi Asset ManagementRequesting the establishment within a year of GHG reduction targetsAgainst31.57%
5/4/23GovernanceSEIU Master TrustReport on Lobbying ActivitiesAgainst29.70%
5/4/23GovernanceJohn CheveddenGive the Owners of 10% of Common Stock the Power to Call a Special Shareholder MeetingAgainst22.00%
5/5/22EnvironmentalAs You SowReport on 2050 Net-zero Goals and Explain its Current PoliciesAgainst28.10%
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