Zurich Insurance

Switzerland
Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Zurich has ended business relationships with coal exposed companies and diverted from clients that fell under its coal policy. Zurich Insurance withdrew from the Net Zero Insurance Alliance but is still committed to stop coverage of new fossil fuel projects. Zurich Insurance 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, 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. Zurich 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 opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Zurich Insurance lobbied for the Environmental Justice Mapping and Data Collection Act, which was about the financial risks associated with climate change and the reporting of carbon emissions. For these reasons, Zurich Insurance Group receives a High Risk rating.

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