Company Directory - Telefonaktiebolaget LM Ericsson
Company Details - Telefonaktiebolaget LM Ericsson
Telefonaktiebolaget LM Ericsson
WebsiteStockholm, Sweden
ISIN: SE0000108656
Telefonaktiebolaget LM Ericsson is a multinational networking and telecommunications company that provides infrastructure, software and services to telecom operators around the world.
CCI Score
CCI Score: Telefonaktiebolaget LM Ericsson
-48.60
0.02%
Latest Event
Ericsson Donates to Presidential Inaugural Committee
Ericsson contributed $500,000 to Trump's Presidential Inaugural Committee, a move that aligns the company with political actions supporting authoritarian policies.
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QUISLING
Telefonaktiebolaget LM Ericsson is currently rated as a Quisling.
Latest Events
- FEB072025
Ericsson contributed $500,000 to Trump's Presidential Inaugural Committee, a move that aligns the company with political actions supporting authoritarian policies.
-50
Public and Political Behavior
March 18
Telefonaktiebolaget LM Ericsson's contribution of $500,000 to the Presidential Inaugural Committee supports an administration widely associated with authoritarian practices. While Ericsson justified its donation as a means of reinforcing its U.S. market presence and technological leadership, the donation effectively bolsters a political agenda linked to fascist tendencies. This action raises concerns about the company’s complicity in the rise of authoritarianism.
List of American Companies that Support President Donald Trump
- NOV092021
Reports suggest that Ericsson was involved with a Chinese factory accused of employing forced labor, including Uighur Muslims, raising significant concerns over its supply chain ethics and labor rights. Despite the company’s denial of current ties to the factory, evidence indicates past involvement that calls into question its adherence to internationally recognized human rights standards.
-70
Labor Relations and Human Rights Practices
March 18
The allegations link Ericsson’s supply chain to forced labor conditions affecting Uighur Muslims, highlighting serious human rights concerns in its labor practices despite company assertions of compliance with UN guidelines.
Sweden telecom giant Ericsson allegedly linked to forced labour
-80
Supply Chain Ethics
March 18
Investigations suggest that Ericsson sourced components from a Chinese factory with documented forced labor practices, raising critical questions about its due diligence in ethical sourcing and supply chain management.
Sweden telecom giant Ericsson allegedly linked to forced labour
- DEC062019
Ericsson agreed to pay over $1 billion in penalties to resolve its extensive FCPA bribery scheme, involving improper payments to government officials across multiple countries. This case highlights a severe breach of ethical business practices and undermines democratic integrity by using corrupt methods to secure business contracts.
-70
Public and Political Behavior
March 18
The bribery practices involved influencing government officials to secure favorable contracts across multiple countries, reflecting a disturbing disregard for fair political processes and transparency. Such actions contribute to undermining democratic institutions and could be seen as indirectly supporting authoritarian methods of governance.
-80
Business Practices and Ethical Responsibility
March 18
Ericsson's involvement in a long-term bribery scheme and its failure to maintain adequate internal controls demonstrate a profound neglect of ethical business practices. The use of sham contracts and falsification of records to conceal unlawful payments further erodes trust, showcasing corporate behavior that is highly detrimental to social responsibility.
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Industries
- 334220
- Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
- 541512
- Computer Systems Design Services
- 541519
- Other Computer Related Services
- 517312
- Wireless Telecommunications Carriers (except Satellite)
- 517911
- Wired Telecommunications Carriers