Edenred - 1792 Exchange

Rating Overview

Edenred is Medium Risk.

Edenred 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. The company 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.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

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:

Medium

Rationale:

Edenred integrates ESG into its business practices. From its 2023 Supplier Charter: “The Supplier shall work at measuring their carbon footprint and direct and indirect greenhouse gases emissions of its different activities and pledge to minimising them” (1). The company promotes divisive sex and gender policies. Its Supplier Charter requires international vendors to include sexual orientation and gender identity in their nondiscrimination policy (2). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria:

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

Risk Level:

Lower

Rationale:

Edenred does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

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

Risk Level:

High

Rationale:

Edenred offers a diversity and inclusion awareness program to its employees (1). The company also created a mandatory training module in 2021 to “tackle unconscious bias” (2). The company appears to prioritize diversity over merit in its leadership composition. From its Governance page: “[The Board of Directors] is distinguished by… its gender diversity (with 50% women), its cultural diversity (four nationalities) and its broad spectrum of skills” (2). The company appears to prioritize diversity over merit in its [recruitment and promotions. From its 2024 Integrated Report: “Gender equality is a priority, supported by internal promotion, external recruitment and several strong commitments, such as the signature of a diversity charter by our recruitment firms” (3). The company appears to prioritize diversity over merit in its business structure through the establishment of gender targets for its leadership composition. The company is seeking 40% of executive positions held by women by 2030 (4). The company protects its employees against viewpoint discrimination (5).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

Edenred is aligned with the Paris Agreement, which entails a commitment to net zero carbon emissions by 2050 (1). The company is committed to net zero carbon emissions by 2050 (2). The company supports DEI within its business practices. From its 2024 Integrated Report: “Edenred places meritocracy, equality and inclusion at the heart of its corporate culture, taking concrete action to create a fairer working environment” (3). The company supports ESG within its business practices. From its “Ideal”: our CSR policy page: “As part of its Beyond strategic plan, which places the ESG dimension at the heart of all its actions, Edenred has announced an acceleration of its extra-financial commitments” (4).