AMERICAN INTERNATIONAL GROUP INC
AIG
Financials
3
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
On February 9, 2006, AIG agreed to pay over $1.6 billion to settle charges with the SEC, DOJ, and other regulators related to accounting fraud and bid-rigging in the insurance industry.
The EEOC sued AIG in 2019 for disability discrimination after the company allegedly refused to provide a reasonable accommodation to an employee with multiple sclerosis and then fired her (Case No. 1:19-cv-08841, SDNY).
AIG adopted a net zero policy in 2022, which led to headlines like "Insurer AIG steps back from coal."
The most recent data suggests that they underwrite roughly a third of domestic United States coal production. Additionally, the company's rank on the fossil fuels total underwriting scorecard produced by Insure Our Future rose from number 22 in 2020 to number 13 in 2024.
We understand that a total transition to renewable energy will not occur overnight, but when an organization makes a commitment to net zero and simultaneously expands its share of the market it's committing to exit, we have no choice but to treat their net zero policy as functionally rescinded.
Research Sources
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Related Exclusions
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The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.