Schlumberger (SLB) - 1792 Exchange

Corporate Bias Rating

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Risk Level:

Medium Risk

Summary:

Schlumberger is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Schlumberger occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Criteria

Risk Level

Rationale

Corporate Weaponization

Criteria

Has canceled 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

Schlumberger promotes divisive sex and gender policies. Its Code of Conduct requires international vendors to include sexual orientation and gender identity in their nondiscrimination policy. However, Schlumberger has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria

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

Risk Level

Rationale

Schlumberger does not appear to discriminate against charitable organizations based on views or beliefs. However, it will not fund “religious organizations that are restricted to one religion” (1)(2).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level

Rationale

SLB offers unconscious bias training to its employees (1). Schlumberger does not provide viewpoint protections for its employees (2).

Corporate Governance and Public Policy

Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

SLB is a member of Workplace Pride Global Benchmark, which helps “with implementing global D&I and LGBTIQ+ policies in countries where obstacles such as legal frameworks or cultural norms make it hard to do so” (1)(2). SLB adheres to the Paris Climate Accords, aiming for net zero carbon emissions by 2050, and attended COP 27, the United Nations Climate Change Conference (3). SLB joined OGCI’s Aiming for Zero Methane Emissions Initiative and is a signatory of Methane Guiding Principles, which aims to reduce methane emissions from natural gas (4)(5)(6)(7). SLB supports DEI within its business practices, hosting a “Cultural Diversity Day” (8). Otherwise, there are no publicly known cases of SLB using its reputation to advance ideological causes or policies (9).

Criteria

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

Risk Level

Rationale

SLB has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level

N/A

Rationale

SLB does not operate a PAC and has not reported on its lobbying at this time (1)(2)(3).

Board Bias

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1792 Exchange has not yet compiled data about the board of directors or political contributions of leadership for this company.