Lazard.
LAZ.US | Fund management activities
Lazard Ltd is a financial advisory and asset management firm. It provides advice on mergers, acquisitions, restructuring, capital structure, and other strategic matters to corporations, partnerships, institutions, governments, and individuals. The company also manages assets for institutional and in...Show More
Better Health for All
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No evidence available to assess Lazard on Better Health for All.
Fair Money & Economic Opportunity
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Lazard is a financial advisory and asset management firm, not a consumer lender or deposit-taking institution. Consequently, KPIs related to consumer financial products, such as underserved client share, pricing fairness, exploitative fee exposure, fair lending compliance, debt burden ratio, geographic inclusion for service points, and product simplicity, are not applicable to its core business model. Similarly, data accessibility for customer finance data and wealth building outcomes for consumer credit/savings are not relevant. While Lazard does have philanthropic and social initiatives, the specific quantitative metrics required by the rubric for "inclusion initiatives" (share of loan/insurance book) and "profit reinvestment" (percentage of pre-tax profit in community finance) are not met by the available evidence, or the initiatives do not align with the KPI's specific definition. For example, the Lazard Foundation has donated $7.9 million since 2019.
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but this cannot be mapped to the "profit reinvestment" KPI's specific percentage requirement. Regarding "financial literacy initiatives," Lazard operates programs like the New Visions Academy, which provides financial literacy skills to public high school students from marginalized communities (e.g., 363 students in one program, 600 students in 2021-2022), and Work to Wellness for employees.
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However, the rubric's scoring tiers for this KPI are based on a percentage of "customers," which is not applicable to these student- or employee-focused programs. Therefore, this KPI is omitted.
Fair Pay & Worker Respect
20
Lazard's CEO-to-median-employee pay ratio was 48:1 in 2024, with the CEO's compensation at $11,395,756 and the median employee pay at $238,703.
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Employee engagement is strong, with an average rating of 4.2 out of 5 stars based on 487 reviews.
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Additionally, 84% of employees would recommend working at Lazard to a friend, and 81% have a positive outlook for the business.
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The company states it offers comprehensive health insurance coverage, flexible retirement and healthcare savings account plans, family planning and support services, and a broad array of wellness programs.
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Lazard has a Workplace and Culture Committee to cultivate a positive workplace culture and invests in employee well-being through its Work to Wellness program.
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Employees in some offices, including France and Italy, are covered by national, industry-wide collective bargaining agreements.
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The company also encourages volunteering and provides paid time-off for employees to engage with local charities.
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Fair Trade & Ethical Sourcing
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Lazard is a financial advisory and asset management firm. Its business model does not involve the procurement or trading of physical commodities, nor does it have a supply chain that requires welfare or sourcing audits, traceability of physical goods, or exposure to upstream labor practices typically associated with manufacturing or retail. Consequently, several key performance indicators related to fair trade and ethical sourcing, such as fair-trade certified spend, supplier audit frequency, forced/child labor incidents, supply chain traceability, remediation speed for sourcing violations, ethical clause coverage for physical goods, and spend on high-risk materials, are not applicable to its direct operations. No evidence was found regarding Lazard's supplier diversity spend.
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Honest & Fair Business
20
Lazard Ltd.'s German unit received a €190,000 ($207,000) fine in the fourth quarter of 2022 for violating supervision duties related to an insider-dealing investigation, which the company accepted.
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Lazard operates a global 24/7 Business Integrity Reporting System managed by an independent firm, NAVEX Global, allowing confidential or anonymous reports.
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The company strictly prohibits retaliation against good-faith whistleblowers.
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For its Lazard S.r.l. subsidiary, a whistleblowing procedure compliant with EU Directive 2019/1937 ensures feedback on report receipt within 7 days and investigation outcomes within 3 months, with the Whistleblowing Officer receiving training and reports summarized quarterly to the Compliance Oversight Committee and semi-annually to the Board of Directors.
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80% of Lazard's directors are independent, and all board committees are composed entirely of independent directors.
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The company has comprehensive anti-bribery and anti-corruption policies and procedures designed to comply with international laws, including the U.S. FCPA, U.K. Anti-Bribery Act, French Sapin II Law, and the OECD Anti-Bribery Convention.
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These policies include regular training, automated monitoring for dealing policies, third-party due diligence for clients and certain third parties, internal audit checks, and strict rules on inducements, gifts, and entertainment.
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Kind to Animals
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Lazard is a financial advisory and asset management firm. The provided articles describe an investment product called "Lazard Sustainable Agriculture" but explicitly state that this is an investment strategy and not reflective of the operational practices of LAZ.US itself. Consequently, there is no evidence in the provided articles to assess Lazard against any of the 'Kind to Animals' KPIs, as its core business model does not involve animal-related products, testing, agriculture, or direct habitat impact.
No War, No Weapons
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The provided articles detail the investment holdings of specific funds managed by Lazard (Lazard International Equity Portfolio and Lazard Equity Franchise Portfolio), rather than the direct business operations, revenue, R&D, or policies of Lazard (LAZ.US) as a company. The KPIs are designed to assess the company's direct involvement in arms manufacturing, military contracts, or conflict facilitation, or its policies and investments related to peacebuilding and ethical red lines for its own operations. As no specific, concrete data points relevant to these KPIs for LAZ.US could be extracted from the evidence, all KPIs are omitted.
Planet-Friendly Business
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No relevant data was found in the provided article to assess Lazard's performance against the Planet-Friendly Business ethical value. The article discusses the levelized cost of energy and the cost-competitiveness of renewables in general, without providing specific metrics or actions related to Lazard's environmental impact or initiatives.
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Respect for Cultures & Communities
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No specific quantitative data was found in the provided articles for any of the KPIs related to Respect for Cultures & Communities. While Lazard's career information mentions a commitment to an inclusive culture and respect for individual differences
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, and a social responsibility summary refers to general partnerships with nonprofits and charitable contributions
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, these statements lack the specific metrics required to score against the rubric's KPIs, such as the number of formal partnerships with indigenous groups, percentage of revenue reinvested locally, or details on cultural impact protocols or incidents. The articles explicitly state the absence of such specific data for all relevant KPIs
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Safe & Smart Tech
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Lazard's cybersecurity investment in 2022 was $9.6 million, representing approximately 0.36% of its $2.64 billion revenue, which is below the 0.5% threshold.
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The company has reported zero major data breaches in the past three consecutive years.
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Lazard holds ISO 27001 and SOC 2 Type II certifications.
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The company explicitly states compliance with GDPR
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and demonstrates compliance with a wide range of financial regulations, including Dodd-Frank, SEC, Basel III, AML, and MiFID II,
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investing $42.3 million in compliance costs in 2023.
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Data retention periods are specified, including up to 10 years for certain data types like accounting data.
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Users are provided with rights to access, correct, and delete their data, object to processing, and receive data in a structured format.
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No documented incidents of unauthorized data use were found.
Zero Waste & Sustainable Products
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Lazard has implemented multiple waste reduction initiatives, including an employee-led "Lazard Green" program
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, sustainable procurement for consumables
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, minimizing paper printing
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, single-stream and electronics recycling
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, minimizing single-use plastics
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, purchasing compostable products
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, composting food where feasible
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, and reusing or donating office furniture and artwork
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. The company also hosts community clean-up events
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and has eliminated single-use plastics from its Tokyo office
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. Furthermore, Lazard has no reported waste disposal violations in the provided articles.