Aspiro
Music streaming services
Launched in 2014, Tidal is an entertainment platform built for fans directly from artists around the world to create a more sustainable model for the music industry. The subscription based, artist owned, streaming service is available in over 56 countries, with 70 million songs and 250,000 videos. Bought by rapper Jay Z in 2015, who sold a majority stake to Square Inc in 2021. Tidal has less than 1% of the music streaming subscribers worldwide.

Overall

Owned USA
Rating F
About the Ratings

Company Ownership

Aspiro AB
USA
Block Inc
owns 51% of Aspiro AB
USA
Financial services
Formerly Square Inc. Co-founded by Twitter creator Jack Dorsey. Products include Square, Cash App, Afterpay, Weebly and Tidal.

Company Assessment

Aspiro AB
No assessment data currently available for Aspiro AB.
Block Inc
Criticism
As You Sow's 2022 report, 'Road to Zero Emissions', assessed the progress of 55 of the largest U.S. corporations in reducing greenhouse gas (GHG) emissions in line with the Paris Agreement's objective of limiting global average temperature rise to 1.5 degrees Celsius above pre-industrial levels, which requires achieving "net zero" emissions by 2050. Companies are graded on: climate related disclosures; GHG reduction targets, and GHG reductions. This company received an Overall Net Zero grade of F.
In March 2023 Hindenburg Research released the results of their 2-year investigation which concluded that Block has systematically taken advantage of the demographics it claims to be helping. The "magic" behind Block's business has not been disruptive innovation, but rather the company's willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics. Former employees estimated that 40%-75% of accounts they reviewed were fake, involved in fraud, or were additional accounts tied to a single individual. Follow link to see full report.
The 2023 Digital Inclusion Benchmark ranks 200 companies on their responsibility to advance a more inclusive digital society. The companies were assessed using four measurement areas: access, skills, use and innovation. This company ranked #158/200, with a total score of 17.4/100.
This company received an S&P Global ESG Score of 20/100 in the TSV IT services category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
In 2018 this company agreed to pay US$2.2 million to settle a class-action lawsuit involving its on-demand food delivery service, Caviar for customers who ordered food between January 20, 2012 and August 31, 2015. The lawsuit claimed Square collected gratuities from customers but didn't pass on that money to the delivery drivers. Square disputes those claims.
Information
This company is a member of the amfori Business Social Compliance Initiative (BSCI), an industry-driven movement that aims to monitor and assess workplace standards across the global supply chain. Participating companies are expected to follow a code of conduct which has 11 principles including no bonded labour, no child labour, fair renumeration, decent working hours and ethical business behavior.
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of C.
Source: CDP (2023)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2024 rankings the public identified 20 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 394th of 937 companies, and 11th of 18 Transaction Processing companies.
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.

Company Details

Type:
Artist-owned company
Revenue:
47.2 million USD (2015)
Employees:
85 (2015)

Contact Details

Address:
New York, New York, USA
Website:
www.tidal.com

Products / Brands

Aspiro