Company Directory - IBM United Kingdom Financial Services Ltd.
Company Details - IBM United Kingdom Financial Services Ltd.
IBM United Kingdom Financial Services Ltd.
WebsiteUnited Kingdom
IBM United Kingdom Financial Services Ltd. is a British financial services company that is part of the IBM group, providing a range of financial and technology solutions to help businesses achieve their financial objectives.
CCI Score
CCI Score: IBM United Kingdom Financial Services Ltd.
10.07
-0.01%
Latest Event
IBM Lobbying Activity in 2023
IBM Corp spent $5,670,000 on lobbying activities in 2023, as reported by OpenSecrets. This significant expenditure reflects the company's effort to influence U.S. political processes, raising concerns about corporate impact on democratic accountability.
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SABOTEUR
IBM United Kingdom Financial Services Ltd. is currently rated as a Saboteur.
Latest Events
- DEC312023
IBM Corp spent $5,670,000 on lobbying activities in 2023, as reported by OpenSecrets. This significant expenditure reflects the company's effort to influence U.S. political processes, raising concerns about corporate impact on democratic accountability.
-50
Political Contributions and Lobbying Efforts
March 29
The reported lobbying spend of $5,670,000 by IBM Corp in 2023 demonstrates a substantial allocation of resources toward influencing political decision-making. From an anti-authoritarian perspective, such heavy corporate political spending can undermine democratic processes by prioritizing corporate interests over grassroots representation.
- NOV172023
IBM United Kingdom Financial Services Ltd. has suspended its advertising on X (formerly known as Twitter) after its ads were shown next to posts praising Nazism and Adolf Hitler. The company stated that such placement is 'completely unacceptable' and emphasized its zero tolerance for hate speech and discrimination, launching an investigation into the matter.
+70
Public and Political Behavior
March 29
IBM's decision to immediately suspend ads on X in response to their appearance beside Nazi content reflects a strong, anti-fascist stance. By distancing its brand from hate speech and extremist narratives, the company demonstrates a commitment to ethical and socially responsible business practices.
IBM suspends ads on X after they appeared next to Nazi posts - BBC
- JUN302023
IBM United Kingdom Financial Services Ltd. published its 2023 modern slavery statement, summarizing the measures being taken to address modern slavery risks in its supply chains and improve labor practices.
+10
Labor Relations and Human Rights Practices
March 29
The company’s publication of a modern slavery statement indicates a commitment to addressing labor exploitation risks. This move supports improved labor relations and human rights practices by outlining steps to mitigate modern slavery within its operations and supply chains.
IBM UNITED KINGDOM LIMITED modern slavery statement summary (2023)
+10
Supply Chain Ethics
March 29
By outlining the measures to mitigate modern slavery risks within its supply chains, the company demonstrates an effort to uphold supply chain ethics. Although the statement may be a regulatory requirement, it represents a positive step towards ethical sourcing and reducing exploitation.
IBM UNITED KINGDOM LIMITED modern slavery statement summary (2023)
- JAN012023
IBM has a long-standing policy against making direct political contributions while engaging in significant lobbying efforts on a wide range of public policy issues, including technology and financial services regulation. The company's detailed reporting of lobbying expenditures from 2018 to 2023 underscores a dual approach: a formal commitment to non-contribution contrasted with active engagement in shaping policy.
-20
Political Contributions and Lobbying Efforts
March 29
While IBM’s explicit policy to refrain from direct political contributions is a positive measure supporting a more impartial political landscape, its substantial lobbying expenditures indicate a significant level of corporate influence on public policy. This dual behavior raises concerns about the potential for corporate interests to unduly shape regulatory outcomes, which is problematic from an anti-authoritarian perspective.
- DEC312022
IBM United Kingdom Financial Services Ltd., a subsidiary of IBM, released its 2022 Modern Slavery Act Transparency Statement detailing comprehensive measures aimed at preventing modern slavery and human trafficking. The statement outlines robust internal policies, extensive supplier audits, training programs, and the integration of cloud and AI technology to monitor and counteract human trafficking risks across its supply chain.
+70
Labor Relations and Human Rights Practices
March 29
IBM has demonstrated a strong commitment to labor rights and human rights practices by publishing a detailed Modern Slavery Act Transparency Statement. The statement confirms the implementation of rigorous internal protocols, supplier audits, and effective training initiatives aimed at preventing modern slavery, providing a progressive model in corporate responsibility.
+65
Supply Chain Ethics
March 29
The statement emphasizes IBM's proactive approach to supply chain ethics, detailing enhanced supplier communication, comprehensive RBA audits, and remedial actions that have led to a significant reduction in noncompliance related to modern slavery issues, underscoring a positive ethical and transparent business practice.
- JUN092020
IBM announced that it will no longer offer facial recognition software that could be used for mass surveillance and racial profiling. In a letter to the US Congress, CEO Arvind Krishna emphasized the importance of police reform and the responsible use of technology, marking a significant shift away from practices associated with surveillance and biased law enforcement.
+70
Executive Political Engagement
March 29
IBM's CEO directly engaged with Congress to promote police reform and responsible technology use, demonstrating a commitment to oppose authoritarian practices. This move, aimed at reducing the societal harms associated with mass surveillance and racial profiling, positively reflects on the company's public and political behavior.
+80
Provision of Repressive Technologies
March 29
By discontinuing its general purpose facial recognition offerings that could be misused for repressive purposes, IBM has taken a notable step away from contributing to surveillance practices that are often linked to racial bias and authoritarian control.
- MAR132019
IBM extracted nearly one million Flickr photos, originally compiled by Yahoo, for a facial-recognition project without obtaining full consent, prompting serious privacy concerns and debates over ethical surveillance practices.
-70
Provision of Repressive Technologies
March 29
IBM's project involved repurposing nearly one million Flickr photos for facial recognition without explicit consent, raising significant concerns over privacy violations and the use of surveillance technology that could be exploited by authoritarian regimes.
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Industries
- 522320
- Financial Transactions Processing, Reserve, and Clearinghouse Activities
- 541511
- Custom Computer Programming Services
- 541512
- Computer Systems Design Services
- 541519
- Other Computer Related Services
- 523920
- Portfolio Management