Communications technology
Cloud platform for video, voice, content sharing, and chat which runs across mobile devices, desktops, telephones, and room systems.
Company Assessment
(Last updated Jul 2024)
Praise
Criticism
Information
Zoom Video Communications Inc
Praise
Information
Criticism
$85m data privacy settlement
In 2021 this company agreed to pay US$85 million and bolster its security practices to settle a lawsuit claiming it violated users' privacy rights by sharing personal data with Facebook, Google and LinkedIn, and letting hackers disrupt Zoom meetings in a practice called "Zoombombing".
Source: CNBC
(2021)
5.5/20 in Social Benchmark
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2023 and received a score of 5.5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
20/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 20/100 in the Software category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 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.
Source: S&P Global
(2022)
CEO Pay Ratio of 350:1
In 2022 the median pay for a worker at this company was US$217,294. The CEO was paid 350 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO
(2023)
Privacy and security concerns
Zoom has faced criticism, and in some cases legal action, over security lapses, poor encryption practices, lack of transparency, privacy and corporate data sharing policies. Also, much of Zoom's research and development occurs in China. Zoom has admitted to shutting down activist accounts at the request of the Chinese government.
Source: Wikipedia
(2021)
Code of ethics
This company has a publicly available Code of Business Conduct and Ethics on its website.
Source: company website
(2021)
BHRRC company profile
Business & Human Rights Resource Centre digital platform presents news and allegations relating to the human rights impact of over 20,000 companies. Their enhanced Company Dashboards also include financial information, key data points based on corporate policies, and scores from prominent civil society benchmarks. Follow the link and use the search function to view this company's dashboard.
Source: BHRRC
(2022)
Modern Slavery statement
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website
(2021)
JUST Capital ranking
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 452nd of 937 companies, and 26th of 59 Software companies.
Source: JUST Capital
(2024)
33.8% in Digital Inclusion Benchmark
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 #91/200, with a total score of 33.8/100.
Company Details
Type:
Public company
Founded:
2011
Revenue:
3.6 billion USD
(2020)
Employees:
2,532
(2020)
Contact Details
Products / Brands
Zoom
Zoom
Messaging