Synovus Bank

Georgia
Banks

Corprate Bias Ratings

Risk Level:

Rating - Clear
Lower Risk

Synovus Bank has not terminated business relationships due to views or beliefs, though the bank does not protect employees from viewpoint discrimination. Synovus has not used its reputation or resources to support ideological causes or groups hostile to freedom of expression. However, Synovus does promote ESG principles for estimating risk in its financial dealings and business operations, though the bank has not publicly excluded customers or industries merely for ESG reasons. For these reasons, Synovus Bank receives a Lower 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

There are no publicly known instances of Synovus terminating a business relationship for political or religious reasons. While the bank utilizes ESG governance principles to account for financial risk, it does not exclude customers or industries based solely on ESG principles (1)(2)(3)(4). The bank claims that “because we serve a variety of clients with varied views, we avoid taking socially- or politically-divisive positions on matters.”

Criteria

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

Risk Level
Rationale

Synovus does not have a policy prohibiting giving to religious or faith-based groups (1).

Criteria

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

Risk Level
Rationale

Synovus does not provide protections against viewpoint discrimination (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

Synovus supports ESG principles, sustainable finance, and DEI metrics for choosing investment partners (1)(2)(3). However, Synovus has not endorsed specific causes or legislation.

Criteria

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

Risk Level
Rationale

Synovus has an explicit policy prohibiting corporate giving to “socially volatile” groups or causes (1). It has not donated to ideological groups hostile to freedom of expression.

Criteria

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

Risk Level
Rationale

Synovus’ PAC contributes in a bipartisan manner and has not supported ideological PACs (1).

All links were last accessed and all information was updated on:
August 9, 2023

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