Meta’s recent decision to replace professional fact-checking with user-generated community labelling has reignited debates about the ethical responsibilities of tech giants and their impact on society. At U Ethical, we are steadfast in our commitment to upholding strict ethical investment criteria, which is why Meta has long been excluded from our portfolios.
Kenneth De Bruycker, CFA, our Senior Responsible Investment Analyst, explains:
“Meta’s track record on ESG metrics significantly underperforms its industry peers. The company has been involved in multiple severe controversies, including repeated violations of privacy and data security and allegations of anticompetitive behaviour. These factors make it incompatible with our ethical investment framework.”
At U Ethical, we believe responsible investing means looking beyond financial returns to consider a company’s impact on people and the planet. By excluding Meta, we continue to prioritise investments that align with our vision of a fairer and more sustainable future.
Invest with purpose. Invest ethically.
Link to news article Meta fact-checking move unsettles ethical investors | FS Sustainability
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