Company Directory - Renault S.A.
Company Details - Renault S.A.
Renault S.A.
WebsiteBoulogne-Billancourt, France
ISIN: FR0000131909
Renault is a French multinational automobile manufacturer known for its innovative cars and electric vehicles. The company plays a significant role in the global automotive industry by offering a range of vehicles and sustainable mobility solutions.
CCI Score
CCI Score: Renault S.A.
-2.24
0.01%
Latest Event
Renault Adopts Ethical Battery Technology Strategy
The article reports that Renault, along with other automakers, is reportedly following suit by adopting iron‐phosphate battery technology. This shift aims to reduce reliance on cobalt and nickel—minerals often linked to human rights abuses and environmental devastation—thus promoting a more ethical and sustainable supply chain.
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BYSTANDER
Renault S.A. is currently rated as a Bystander.
Latest Events
- APR062025
The article reports that Renault, along with other automakers, is reportedly following suit by adopting iron‐phosphate battery technology. This shift aims to reduce reliance on cobalt and nickel—minerals often linked to human rights abuses and environmental devastation—thus promoting a more ethical and sustainable supply chain.
- JAN012025
Renault Group announced its sustainable procurement policy focused on responsible sourcing of cobalt and minerals from conflict or high‐risk areas, emphasizing continuous improvement across its supply chain.
+70
Supply Chain Ethics
April 7
Renault Group's announcement of a sustainable procurement policy demonstrates a proactive commitment to ethical supply chain management by ensuring that critical minerals are sourced responsibly, reducing the risk of funding conflict and exploitation. This move supports progressive practices in business ethics.
- JAN012025
Renault Group outlines its sustainable procurement policy, emphasizing ethical sourcing of minerals from conflict or high‐risk areas and continuous improvement across its supply chain.
+70
Supply Chain Ethics
April 7
Renault Group's sustainable procurement policy demonstrates a commitment to responsible sourcing by addressing risks associated with conflict minerals and high-risk supply chains. This initiative supports ethical business practices and reduces the potential for corporate complicity in exploitation and authoritarian supply chains.
- JAN012025
A new report from Investor Advocates for Social Justice as part of the Shifting Gears Initiative criticizes automotive companies for their insufficient human rights due diligence. The report warns that companies, including major OEMs, may be contributing to forced labor, child labor, and hazardous working conditions in both domestic manufacturing and global supply chains, and calls for stronger board-level governance and improved supply chain transparency.
-50
Labor Relations and Human Rights Practices
April 7
The report underscores serious risks related to labor rights by pointing out that automotive companies are not conducting effective human rights due diligence, thereby exposing workers to risks such as forced labor, child labor, and unsafe working conditions. This failure disproportionately affects marginalized communities and reflects poorly on the company’s labor practices.
New Report Assesses Human Rights Risks in The Automotive Industry - Aiag
-40
Supply Chain Ethics
April 7
The report also highlights deficiencies in supply chain transparency and monitoring, suggesting that automotive companies are not adequately addressing risks related to forced and child labor in their extensive, multi-tier supply chains. This lack of due diligence not only impacts workers but also enables unethical sourcing practices.
New Report Assesses Human Rights Risks in The Automotive Industry - Aiag
- JUN112024
Approximately 5,000 Renault workers in Brazil initiated a new 24-hour strike demanding the hiring of 300 workers, increased pay raises, and improved profit sharing after repeated inadequate proposals. The protest highlights long-standing issues of overwork, lack of proper breaks, and workplace exploitation, with workers experiencing extreme production pressures.
-70
Labor Relations and Human Rights Practices
March 27
The article details severe labor exploitation at Renault’s Brazilian plant, including excessive work demands, insufficient hiring to relieve overburdened staff, and neglect of worker health and safety. Proposals offered by the company were repeatedly rejected for being inadequate, underscoring a pattern of disregard for workers' rights and humane working conditions. This behavior aligns with authoritarian corporate practices that undermine labor rights, thus justifying a strongly negative score from a progressive, anti-fascist perspective.
- JUN042024
Workers at the Renault Horse factory in São José dos Pinhais, Brazil, have been on strike since May 7, 2024, demanding improved health and safety conditions, increased staffing, better health benefits, and profit-sharing. The union reports that the company has not engaged in dialogue to resolve these issues.
-70
Labor Relations and Human Rights Practices
March 27
The prolonged strike highlights significant labor issues at Renault's Brazil facility, with workers protesting against poor health and safety measures, insufficient staffing, and inadequate worker benefits. Renault's failure to engage in meaningful dialogue with the union reflects negatively on its labor relations and human rights practices.
- MAR202024
Renault Group CEO Luca de Meo issued an open letter to European political leaders outlining seven recommendations to drive a decarbonized, innovative industrial policy. His proposals call for increased public-private cooperation, green economic zones, and large-scale technological projects aimed at revitalizing the European automotive industry amidst energy transition challenges.
+80
Executive Political Engagement
April 7
The open letter from CEO Luca de Meo represents a proactive executive political engagement where he calls on a broad coalition—including political leaders, citizens, NGOs, and industry players—to implement progressive industrial policies. His recommendations, including the creation of green economic zones and fostering technological innovation, demonstrate a commitment to sustainable, inclusive growth that contrasts with authoritarian or overly regulated models. This public and politically engaged action is a positive step in fostering a more democratic and environmentally responsible industrial strategy in Europe.
Renault Group CEO sets out vision for a thriving European auto industry
- NOV082023
Renault Group announced its ESG sustainable investment strategy as part of its Renaulution mission, emphasizing a sustainable and responsible approach that integrates business performance with a commitment to customers, employees, and the environment.
+70
Business Practices and Ethical Responsibility
April 7
The announcement highlights Renault Group's commitment to sustainable development and responsible business practices, aligning with progressive ESG principles that support environmental protection, fair treatment of employees, and community engagement. This initiative is viewed positively from an anti-fascist perspective as it reinforces ethical business practices and social responsibility.
- OCT012023
A report by Sheffield Hallam University and NomoGaia tracing automotive supply chains, including that of Renault, linked several major car brands to alleged forced labor practices in the Uyghur region. Notably, Renault did not provide a response to the report's inquiries, raising concerns over its commitment to human rights due diligence.
-40
Executive Political Engagement
April 7
Renault's failure to respond to inquiries regarding its supply chain in the wake of allegations of forced labor indicates a lack of executive political engagement. This non-response undermines transparency and accountability in the public and political sphere, which is critical in promoting human rights and due diligence.
-80
Labor Relations and Human Rights Practices
April 7
The report documents links between Renault’s supply chain and forced labor practices, a clear violation of labor rights and human rights practices. This association with forced labor is alarming and indicates significant shortcomings in protecting vulnerable worker populations.
-80
Supply Chain Ethics
April 7
The detailed supply chain tracing in the report highlights Renault's indirect involvement with suppliers linked to alleged abuses in the Uyghur region. The company's silence on these critical findings raises serious ethical concerns about its sourcing practices and due diligence regarding human rights.
- DEC012022
An analysis published in December 2022 indicates that CITIC Dicastal, a supplier in Renault's automotive supply chain, is highly likely sourcing aluminum from the Uyghur region, an area known for forced labor practices. This raises significant ethical concerns regarding human rights within Renault's supply chain.
-80
Supply Chain Ethics
March 27
The article implicates Renault's supply chain through its supplier CITIC Dicastal as potentially sourcing aluminum from the Uyghur region, where forced labor practices are documented. This connection in the supply chain could indirectly support authoritarian practices, warranting a strongly negative score under Supply Chain Ethics.
Renault - Automotive Supply Chains and Forced Labor in the Uyghur Region
- DEC142021
On December 14, 2021, Renault Group and France's representative trade union organizations signed the 'Re-Nouveau France 2025' agreement, committing the company to safeguard French industrial sites, boost electric vehicle production, create and retrain jobs, and secure improved labor conditions through annual wage negotiations and profit-sharing schemes.
+80
Labor Relations and Human Rights Practices
March 27
The agreement represents a strong commitment to labor rights by the company. It not only guarantees protection for workers through a negotiated union agreement, but also emphasizes job creation, retraining, and fair labor negotiations—all of which bolster worker rights and counter authoritarian labor practices.
- DEC062021
Renault was condemned by the Nanterre Judicial Tribunal on December 6, 2021 for deliberately concealing overtime hours by failing to implement a reliable time tracking system, resulting in non-payment of thousands of overtime hours and violating labor rights.
-80
Labor Relations and Human Rights Practices
April 7
The tribunal found that Renault intentionally concealed overtime by not using an effective time tracking method, which deprived workers of rightful compensation. This deliberate disregard for labor rights and fair compensation practices is a significant ethical violation against workers.
- MAY262021
A report by researchers from Sheffield Hallam University alleges that Renault, along with other global auto manufacturers, is exposed to forced labor practices in China's Xinjiang Uyghur Autonomous Region through its supply chain. Renault, among 13 companies that were contacted, has either denied such links or promised further investigation, raising serious human rights and ethical sourcing concerns.
-70
Supply Chain Ethics
March 27
The report alleges that Renault is indirectly tied to forced labor practices in the Xinjiang Uyghur Autonomous Region through its supply chain. Such forced labor practices represent a serious violation of human rights and are often linked to state-sponsored authoritarian policies. Even though Renault has either denied the claims or promised further investigation, the exposure to unethical supply chain practices results in a significant negative impact on the company's ethical responsibility.
Global Auto Supply Chain Faces Serious Forced Labor Allegations
- MAR222019
Amnesty International published a report on March 22, 2019, criticizing automakers including Renault for using raw materials linked to human rights abuses and unethical labor practices in their EV battery supply chains.
-80
Labor Relations and Human Rights Practices
April 7
The Amnesty International report underscores severe labor abuses, including child labor and exploitation of indigenous communities, associated with the mining of raw materials for EV batteries. Renault is implicated for sourcing components from supply chains tied to these human rights violations.
Amnesty International Slams EV Industry For Unethically Sourced Batteries
-80
Supply Chain Ethics
April 7
Renault is criticized for its supply chain practices, with the report linking its raw material sourcing to unethical mining operations that involve serious human rights abuses and environmental risks.
Amnesty International Slams EV Industry For Unethically Sourced Batteries
- JAN012019
Renault Group has established a sustainable procurement policy that sets clear expectations for suppliers regarding ethical sourcing of cobalt and minerals from conflict and high‐risk areas. The policy emphasizes adherence to human rights standards and the prevention of child labour within its supply chain.
+80
Supply Chain Ethics
March 27
Renault Group's responsible purchasing policy outlines strict guidelines for suppliers to ensure human rights are respected and child labour is prevented. This initiative promotes ethical supply chain practices by demanding accountability and sustainable sourcing, thereby mitigating risks associated with conflict minerals and high-risk sourcing regions.
- OCT132011
Renault was condemned to pay approximately 250,000 euros in damages to Marcel Chauvin, a former employee who had served 28 years as a union representative at the Flins plant, following findings of syndical discrimination.
-80
Labor Relations and Human Rights Practices
April 7
The court ruling against Renault for discriminating against a long-serving union representative highlights a significant violation of workers’ rights. Such labor discrimination is symptomatic of authoritarian corporate practices that undermine labor protections and union activity, which is a serious concern from an anti-fascist perspective.
- MAY222008
Employees' legal campaign led to Renault being condemned for engaging in racial discrimination practices, highlighting major lapses in labor rights and ethical responsibility.
-70
Labor Relations and Human Rights Practices
April 7
The condemnation of Renault for racial discrimination demonstrates a serious breach in upholding labor rights and ethical business practices. This ruling underscores systemic issues within the company regarding the treatment of workers, particularly affecting marginalized groups.
Comment des salariés ont fait condamner Renault pour discrimination raciale
- APR032008
The Versailles Court of Appeal has condemned Renault for racial discrimination against two former employees, awarding them damages for hindering their career progression due to their ethnic origin.
-70
Labor Relations and Human Rights Practices
April 7
Renault was found guilty of racially discriminatory practices that impeded the career growth of two former employees. This violation of workers' rights reflects deeply problematic labor relations and undermines efforts toward workplace equality and human dignity.
- DEC102004
Eight Renault employees of foreign origin have filed a lawsuit alleging racial discrimination in career progression. The case, brought before the Paris labor courts, marks a significant instance of alleged workplace inequality and discrimination at Renault.
-80
Labor Relations and Human Rights Practices
April 7
The lawsuit against Renault for racial discrimination highlights serious concerns regarding the company's adherence to fair labor practices and human rights. Such discriminatory practices in the workplace are a direct affront to anti-fascist principles and progressive labor rights, warranting a strongly negative score under the category 'Labor Relations and Human Rights Practices'.
- DEC142001
Renault signed an agreement on December 14, 2001, with all major unions except the CFE-CGC to address longstanding antisyndical practices. The agreement aims to remedy issues such as career delays and pay blockages for union representatives, marking a move towards improved labor rights within the company.
+70
Labor Relations and Human Rights Practices
April 7
The agreement represents a corrective measure against historical antisyndical discrimination by ensuring that union representatives are no longer penalized. This is a positive development for labor rights and aligns with anti-fascist values by supporting fair treatment and protection of marginalized workers.
Social. Discrimination syndicale. Renault ne pénalisera plus les syndicalistes
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Corporation
-12.82
Corporate Financials
- Revenue
- 2022
- $47.00B
- Total Assets
- 2022
- $88.20B
- Operating Income
- 2022
- $3.60B
- Total Equity
- 2022
- $9.00B
Employees: 163,000
Industries
- 336120
- Heavy Duty Truck Manufacturing
- 441110
- New Car Dealers
- 336111
- Automobile Manufacturing
- 336112
- Light Truck and Utility Vehicle Manufacturing
- 336113
- Motor Vehicle Body Manufacturing