Zurich Insurance

Insurance

Risk Level:

Rating - Caution
Medium Risk

Summary:

Zurich Insurance Group has not canceled clients or fired employees due to their views or beliefs, though Zurich has pledged to vet vendors for LGBTQ policies. Zurich does not fund ideological organizations, but it is a part of the Net Zero Insurance Alliance. Zurich funded the Equality PAC. For these reasons, Zurich Insurance Group receives a Medium 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

Zurich Insurance Group received a score of 95 on the Human Rights Campaign’s Corporate Equality Index (1). Among other things, this means that Zurich Insurance has pledged to vet vendors for their LGBTQ policies. Zurich Insurance has not publicly canceled clients or fired employees due to views or beliefs, however.

Criteria

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

Risk Level
Rationale

Zurich Insurance (North America) offers an employee charitable donation match without prejudice or discrimination (1). The Z Zurich Foundation gives away millions of dollars every year in addition to the employee matching grant program (2). Its donations are not restrictive by nature (3).

Criteria

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

Risk Level
Rationale

Zurich Insurance does not protect against viewpoint (political affiliation) discrimination in its hiring/employment policy (1). The company does include “diverse ways of thinking and ways of working.”

Corporate Governance and Public Policy
Criteria

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

Risk Level
Rationale

Zurich Insurance is a member of the Net Zero Insurance Alliance (1).

Criteria

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

Risk Level
Rationale

Zurich Insurance and its charitable arm, the Z Zurich Foundation, donate millions to multiple causes without ideological intent (1)(2).

Criteria

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

Risk Level
Rationale

Zurich Insurance donated to the Equality PAC (1).

All links were last accessed and all information was updated on:
February 22, 2023

Company reports are intended for educational use only. Full Disclaimer

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