AIG (American International Group) — Ethics Grade D+

AIG (American International Group) receives an overall ethics grade of D+ (38/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 60
• privacy: 70
• consumer: 40
• environment: 30
• humanRights: 55

Documented incidents (3)

• Systemic Risk & Taxpayer Bailout (high, 2008) — AIG's excessive risk-taking in credit default swaps necessitated a massive federal rescue to prevent global economic collapse. The subsequent payment of $165M in executive bonuses after receiving public funds sparked national outrage.
• Insuring Coal and Arctic Oil (medium, 2022) — Environmental groups have criticized AIG for continuing to insure coal mines and the East African Crude Oil Pipeline while peers exited the sector. It remains one of the largest insurers of fossil fuel projects globally.
• Accounting Fraud Settlement (high, 2006) — The company paid billions to settle charges of improper accounting, bid-rigging, and stock price manipulation. The probe led to the resignation of long-time CEO Maurice Greenberg.

Documented good deeds

• Net Zero Operational Goals — Committed to achieving net-zero greenhouse gas emissions across its global underwriting and investment portfolios by 2050.

Ethical alternatives

• Allianz SE — Stronger policies regarding the divestment from coal and better governance scores.