Facebook

Company Score

-1.30
Industry Software & Services
Country United States
Year Added 2018
Impact Ratings 1537
Impact Notes 28
SDG Covered 10 out of 17

Facebook, Inc. is a worldwide social networking company. It engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. Enabling users to share opinions, ideas, photos, videos, and other activities online. Products include Facebook, Instagram, Messenger and WhatsApp and it was founded by Mark Elliot Zuckerberg. Facebook is the third most valuable brand in the world and it employs over 33,000 people.

Read about Facebook and its impact below.

Impact notes

Reduced Inequalities

Facebook had 44.4% Asian, 3.9% Black, 6.3% Hispanic, 0.4% additional groups in all roles

Profile Shubham Bakolia
Icon time Tue Jun 8th, 2021 at 12:37pm

Inclusion plays a vital role in creating balanced workforces1. A survey found that 89% of black people, 80% of Asian people, and 70% of Latino people consider workforce diversity important1. More inclusive work environments can lead to higher employee engagement, more significant commitment to the work, and increased empowerment for individuals2;p6.

Affordable and Clean Energy

In 2019, Facebook consumed 5.14 Mn MWh of electricity, but does not disclose other energy sources

Profile Shubham Bakolia
Icon time Wed May 26th, 2021 at 11:06am

The global energy system needs to be transformed crucially to align with the Paris Agreement's goal of keeping the atmospheric temperature rise below 2°C1. In 2019, the world's energy consumption reached 173.3 Bn MWh2. About 143.68 Bn MWh came from fossil fuels and 29.65 Bn MWh from renewable sources, which is only 17.11% of the total energy used in 20192.

Climate Action

FB is largely contributing to the destruction of the Amazon forest in detriment of climate stability

Profile Jennifer Tapia Boada
Icon time Thu May 20th, 2021 at 12:47pm

With 670M ha and covering eight countries1;p6, the world’s largest tropical rainforest, the Amazon, helps maintain climate stability storing ≈100bn tonnes of CO22. The Amazon is home to ≈3M species of plants and animals and 1M Indigenous people3. However, the forest is losing 1.4M ha/year from deforestation, and Brazil is responsible for 75%1;p6. Despite Brazil´s goal of reducing deforestation to 390k ha/year, 1.11M ha of rainforest were destroyed from Aug 2019 to July 2020, 9.5%+ than the previous year4. Illegal logging is the catalyst for deforestation5and much profitable, as clearing land can increase its value by up to 200 times6.  

Peace, Justice and Strong Institutions

Facebook has leaked data of 533M facebook user, including 6M Indians online for free

Profile Manisha Rao
Icon time Fri Apr 23rd, 2021 at 9:16am

Over 3.6 billion people use social media worldwide in 20202. Globally 2,953 publicly reported breaches happened in the first three-quarters of 20208. The social impact of data breaches on an individual and business includes financial loss, operational downtime, legal actions, reputation damage, & loss of sensitive data 7 that can be used by cybercriminals to cybercrimes like identity theft, phishing, etc 6.

Peace, Justice and Strong Institutions

FB repeatedly fails in ensuring user privacy by invading multiple times into user’s personal data

Profile Prachi Maulingker
Icon time Tue Mar 30th, 2021 at 8:46am

As of Jan 2021, the world had nearly 4.66 Bn active internet users globally, accounting for 59.5% of the global population1. According to a study, nearly 80% of social media (SM) users worry about personal data being accessed & used by advertisers and businesses3. Loss of data privacy is a major problem that impacts global internet users every year2. Of those who have been victims of online data stealing, an estimated 27% suffered a loss between $100 to $10,000 or more2.