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Facebook Removed from S&P List of ‘Ethical’ Companies


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2019 Jun 21, 2:35pm   824 views  3 comments

by WillPowers   ➕follow (3)   💰tip   ignore  

The Telegraph reports that Facebook has been removed from Standard & Poor’s Environmental, Social, and Governance (ESG) Index after the company received a score of 22 for social responsibility and only 6 for governance, out of a possible 100, scoring extremely poorly.

Reid Steadman, S&P’s social and governance chief, stated that the growing number of privacy concerns around the company including “a lack of transparency as to why Facebook collects and shares certain user information,” resulted in low scores for the firm. S&P cited the Cambridge Analytica scandal as one of the reasons for the tech giant’s poor performance.

SEE: https://www.breitbart.com/tech/2019/06/21/facebook-removed-from-sp-list-of-ethical-companies/

Comments 1 - 3 of 3        Search these comments

1   Patrick   2019 Jun 21, 5:31pm  

Good, I have a bit more respect for S&P now. Not a lot, since they directly contributed to the housing bubble by fraudulent bond ratings.
2   komputodo   2019 Jun 22, 3:19pm  

Patrick says
Good, I have a bit more respect for S&P now. Not a lot, since they directly contributed to the housing bubble by fraudulent bond ratings.

You are supposed to have forgotten about that.

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