Lazard

Bermuda
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Lazard does not provide viewpoint protections for its employees but has not publicly terminated business relationships based on views or beliefs. The company offers transgender surgery to its employees and discriminates against religious organizations in its charitable giving. Lazard's CEO signed the CEO Action for Diversity & Inclusion pledge and in 2021 made a $150,000 donation to the NAACP. For these reasons, Lazard 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

Lazard integrates ESG into all of its business practices. Lazard has “a long history of ESG integration” (1). However, the company has not publicly fired customers, suppliers, or vendors based on views or beliefs.

Criteria

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

Risk Level
Rationale

Lazard will not match employee donations to “religious organizations”¬†(1).

Criteria

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

Risk Level
Rationale

Lazard does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

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

Risk Level
Rationale

Lazard Ltd offers LGBTQIA+ employees free healthcare resources, support, and “gender affirmation surgery” (1). Lazard’s CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (2). Lazard publicly¬†celebrated Pride Month on its social media (3).

Criteria

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

Risk Level
Rationale

Lazard made a $150,000 donation to the NAACP in 2020 (1). Otherwise, it does not use corporate funds to advance ideological causes, organizations, or policies (2).

Criteria

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

Risk Level
N/A
Rationale

Lazard does not operate a PAC or report on its lobbying at this time (1)(2).

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

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