Synchrony Financial

Stamford, United States

Synchrony Financial is a leading consumer financial services company that offers a broad range of credit products, savings accounts, certificates of deposit and other innovative financing solutions for consumers and businesses. The company is well known for its consumer banking services and retail financing options.

CCI Score

29.49

-0.03% May 3

Latest Event

Political Disclosures and Political Engagement at Synchrony Financial

The disclosed political policy page reveals that Synchrony Financial maintains transparency in its political engagement practices. However, its affiliations with trade associations such as the U.S. Chamber of Commerce and its sponsorship of an employee PAC (SyncPAC) indicate subtle channels of political influence that may indirectly support authoritarian-aligned policies.

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DISSENTER

Synchrony Financial is currently rated as a Dissenter.

+25 to +44 CCI Score

These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

JAN

01

2025

Political Disclosures and Political Engagement at Synchrony Financial
-7.25

The disclosed political policy page reveals that Synchrony Financial maintains transparency in its political engagement practices. However, its affiliations with trade associations such as the U.S. Chamber of Commerce and its sponsorship of an employee PAC (SyncPAC) indicate subtle channels of political influence that may indirectly support authoritarian-aligned policies.
-10

Public and Political Behavior

March 24

Synchrony Financial demonstrates a commitment to transparency in its public policy outreach by clearly disclosing its political activities. However, its membership in influential trade associations and the overall framing of political engagement may indirectly facilitate support for policies that align with authoritarian or corporatist interests. This duality raises concerns about how corporate political behavior can undermine democratic accountability.

Political Disclosures
-5

Political Contributions and Lobbying Efforts

March 24

Although Synchrony Financial explicitly states it does not contribute directly to political campaigns, its sponsorship of the employee-driven SyncPAC introduces an indirect mechanism for political influence. The requirement for executive approval on any political activity further centralizes control over political engagement, reflecting a cautious but potentially concerning approach to political contributions.

Political Disclosures
OCT

01

2024

Lobbying Update: Synchrony Financial's $80,000 Lobbying Expenditure
-23.58

An $80,000 lobbying expenditure disclosed from Q4 2024 on corporate tax matters, including efforts to repeal the net operating loss carryback, raises concerns about Synchrony Financial's role in influencing public policy to favor corporate interests over democratic accountability. This sort of targeted political lobbying can be seen as supporting a broader authoritarian agenda by prioritizing corporate benefit and weakening public oversight.
-25

Political Contributions and Lobbying Efforts

March 24

The disclosed $80,000 spent on lobbying to influence tax policy, particularly efforts aimed at benefiting corporate interests at the expense of broader public accountability, is indicative of corporate behavior that can enable authoritarian policies. By channeling resources into shaping legislative outcomes, Synchrony Financial contributes to an environment where corporate power is amplified, undermining democratic processes and transparency.

Lobbying Update: $80,000 of SYNCHRONY FINANCIAL lobbying was just disclosed
JAN

01

2024

Corporate Election Contributions by Synchrony Financial
-26.25

Data from Quiver Quant indicates that Synchrony Financial, through its PAC and employee contributions, played a notable role in financing political campaigns during the 2024 election cycle. Such contributions raise concerns about corporate influence potentially skewing political power in favor of authoritarian interests.
-30

Political Contributions and Lobbying Efforts

March 24

The reported campaign contribution figures for Synchrony Financial reveal significant political financing activities. From a left leaning perspective, these sizable donations—communicated via corporate channels such as PACs and employee contributions—could be seen as bolstering political actors who may support authoritarian policies. This involvement in the political process raises red flags about the role of corporate money in undermining democratic accountability.

Corporate Election Contributions
NOV

30

2023

Synchrony Achieves Top Score in Corporate Equality Index
86.72

Synchrony Financial has achieved a perfect score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index, reaffirming its commitment to LGBTQ+ workplace inclusion and robust labor practices. This recognition highlights the company's dedication to fostering a diverse and inclusive environment that opposes discriminatory practices and supports equitable treatment for all employees.
+100

Labor Relations and Human Rights Practices

March 24

The article underscores Synchrony's achievement of a perfect score on the Corporate Equality Index, reflecting exemplary labor practices and support for LGBTQ+ inclusion. This demonstrates the company's proactive stance against discrimination and its efforts to uphold human rights within its workforce, aligning with progressive values that counteract authoritarian and fascist ideologies.

Synchrony Achieves Top Score in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index
OCT

01

2023

Synchrony Deepens Investment in Diversity and Inclusion
68.25

Synchrony Financial announced its fourth annual Diversity Symposium, underscoring its commitment to diversity, inclusion, and ethical corporate practices. The event, highlighted by its recognition on the Diversity Best Practices Inclusion Index, reflects the company's dedication to creating an inclusive work environment that empowers employees from underrepresented groups and fosters equitable labor practices.
+80

Business Practices and Ethical Responsibility

March 24

Synchrony's hosting of its annual Diversity Symposium and recognition on the Diversity Best Practices Inclusion Index demonstrate a strong commitment to ethical business practices and the promotion of diversity and inclusion. Such initiatives bolster workforce empowerment and fair labor practices, which are essential in countering authoritarian tendencies by ensuring marginalized voices are represented and supported within the corporate environment.

Synchrony Deepens Investment in Diversity and Inclusion
JAN

01

2023

Political Disclosures and Limited Political Contributions at Synchrony Financial
51.45

The article outlines Synchrony Financial's approach to political engagements, highlighting its abstention from direct contributions to political parties and candidates, its membership in influential trade associations, and the operation of an employee-run political action committee (SyncPAC). These measures indicate a controlled and transparent method of engaging with political processes, with strict oversight by top executives.
+60

Political Contributions and Lobbying Efforts

March 24

Synchrony Financial maintains a clear policy of not directly funding political parties, candidates, or independent political expenditures. Instead, it relies on trade association memberships and an employee-funded SyncPAC that operates on a voluntary and bipartisan basis. This approach minimizes the risk of direct corporate influence on political outcomes, which is viewed positively from an anti-fascist perspective.

Political Disclosures :: Synchrony Financial (SYF)
+70

Executive Political Engagement

March 24

The company’s policy requires that any future engagement in political activities would need approval from top executives such as the CEO or General Counsel. This oversight indicates a measured and transparent approach to executive political engagement, mitigating risks of politicized decision-making and aligning with ethical public behavior ideals.

Political Disclosures :: Synchrony Financial (SYF)
OCT

14

2020

Synchrony Recognized as One of America's Most JUST Companies by Forbes
57.08

The article details how Synchrony Financial has been acknowledged for its progressive measures including enhanced worker benefits, flexible work arrangements, commitment to mental health, and community investments. These initiatives underscore the company's strong ethical business practices and respect for labor rights, aligning with anti-fascist values of worker empowerment and corporate accountability.
+90

Business Practices and Ethical Responsibility

March 24

Synchrony Financial's recognition as one of America's Most JUST Companies reflects significant positive efforts in business practices and ethical responsibility. The company has implemented industry-leading measures such as enhanced paid leave, employee assistance funds, flexible work options, and robust mental health support. These practices highlight a deep commitment to fair labor practices and community support, thereby resisting oppressive corporate behaviors and aligning with values against authoritarianism.

Synchrony Named One of America's Most JUST Companies by Forbes and JUST Capital