Company Directory - Telefonaktiebolaget LM Ericsson (publ)
Company Details - Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ)
WebsiteStockholm, Sweden
ISIN: SE0000108656
Ericsson is a multinational telecommunications company that provides a wide range of services and technologies in the telecommunications sector. Known for its advancements in mobile networks and AI adaptation technology, Ericsson plays a pivotal role in shaping the digital future, with solutions spanning from network infrastructure to global service management.
CCI Score
CCI Score: Telefonaktiebolaget LM Ericsson (publ)
0.47
Latest Event
Ericsson Q1 Results & AI-Native Link Adaptation Test
Ericsson reported its first-quarter financial results leading to a 7.3% stock surge, and in conjunction with Bell Canada, successfully tested an AI-native link adaptation technology to enhance network speed and efficiency.
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OBJECTOR
Telefonaktiebolaget LM Ericsson (publ) is currently rated as an Objector.
Latest Events
- APR152025
Ericsson reported its first-quarter financial results leading to a 7.3% stock surge, and in conjunction with Bell Canada, successfully tested an AI-native link adaptation technology to enhance network speed and efficiency.
- SEP012023
Ericsson has supplied surveillance equipment that is reportedly used by Belarusian authorities under President Lukashenko to wiretap and monitor opposition, raising concerns over the company’s role in enabling authoritarian repression.
-80
Provision of Repressive Technologies
April 15
Ericsson provided technology that has been deployed for surveillance and wiretapping by the authoritarian regime in Belarus. Such involvement in enabling state repression directly supports authoritarian practices, warranting a strongly negative score in the provision of repressive technologies category.
- MAR292023
Ericsson's CEO, board members, and chairman faced a shareholder vote that rejected their discharge from liability over an Iraq-related corruption scandal, highlighting governance and ethical lapses within the corporation.
-40
Public and Political Behavior
April 15
The vote against discharging top executives underscores a failure in transparent and accountable governance, reflecting broader concerns about the company’s public and political behavior. This intransigence in addressing corruption allegations can erode stakeholder trust and democratic accountability.
Ericsson CEO, Directors Lose Liability Vote Over Iraq Scandal
-60
Business Practices and Ethical Responsibility
April 15
The rejection of the liability discharge vote reflects deep-rooted issues in business practices and ethical responsibility. The decision points to potential corporate mismanagement and corruption that undermine ethical standards and may contribute to structural abuses that resonate with authoritarian business conduct.
Ericsson CEO, Directors Lose Liability Vote Over Iraq Scandal
- JAN012023
A benchmarking report reveals that Ericsson, among 49 companies, disclosed more comprehensive information on its forced labor policies and practices than most of its peers. This marks a nine‐point improvement from its 2018 score, reflecting increased transparency and attention to labor rights.
+60
Labor Relations and Human Rights Practices
April 15
The report highlights that Ericsson has significantly improved its disclosure of forced labor practices, ranking 9th out of 49 companies and showing a nine-point improvement since 2018. This reflects a positive shift towards enhanced labor relations and human rights practices, which aligns with anti-authoritarian and ethical business conduct.
- DEC312022
Ericsson spent $1,500,000 on lobbying activities during 2022, as reported by OpenSecrets. This significant spending raises concerns over corporate influence in political processes.
-40
Political Contributions and Lobbying Efforts
April 15
Ericsson's $1,500,000 lobbying expenditure in 2022 suggests an active attempt to influence political decision-making, potentially undermining democratic accountability. This level of spending raises red flags for those opposed to corporate intervention in politics, as it may contribute to policies favoring authoritarian outcomes.
- NOV092021
Ericsson has been alleged to have sourced from a Chinese factory accused of using Uighur minority labor under conditions resembling forced labor. The company denies current ties with the supplier and states that all suppliers must adhere to its code of conduct.
-70
Labor Relations and Human Rights Practices
April 15
The report alleges that Ericsson engaged with a Chinese factory where Uighur minority workers were subjected to forced labor conditions. This raises serious concerns regarding labor relations and human rights practices, marking a negative impact in terms of ethical treatment of workers.
Sweden telecom giant Ericsson allegedly linked to forced labour
-70
Supply Chain Ethics
April 15
The allegations highlight severe ethical issues in Ericsson's supply chain management, as the company was linked to a supplier with documented forced labor practices. This reflects negatively on its adherence to ethical sourcing and supply chain ethics.
Sweden telecom giant Ericsson allegedly linked to forced labour
- JAN012021
Ericsson detailed its commitment to respecting internationally recognized human rights, emphasizing the right to privacy, freedom of expression, and improved labor conditions in its supply chain. The company outlined its implementation of the UN Guiding Principles on Business and Human Rights, ongoing Human Rights Impact Assessments, due diligence processes, and mandatory employee training initiatives.
+80
Labor Relations and Human Rights Practices
April 15
Ericsson’s comprehensive approach to human rights—including adherence to the UN Guiding Principles on Business and Human Rights, regular Human Rights Impact Assessments, established due diligence procedures, and mandatory training for employees—demonstrates a strong commitment to upholding labor rights and protecting marginalized groups. This is a progressive move that aligns with anti-fascist and pro-worker values.
- JUL062020
Ericsson has implemented a comprehensive Responsible Sourcing Human Rights strategy that focuses on supplier capacity building, audits, improvement programs, risk and impact assessments, and ongoing stakeholder dialogue. The initiative is designed to proactively address and prevent adverse human rights impacts within its supply chain through regular reviews and collaboration with external civil society organizations and industry experts.
+70
Supply Chain Ethics
April 15
Ericsson’s strategy demonstrates a commitment to ethical business practices by integrating human rights risk assessments and continuous improvements in supplier management. This proactive approach to supply chain ethics supports marginalized workers and counters exploitative practices, aligning with anti-authoritarian and progressive values.
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Corporate Financials
- Revenue
- 2022
- $24.54B
- Total Assets
- 2022
- $61.11B
- Operating Income
- 2022
- $13.65B
- Total Equity
- 2022
- $39.90B
Employees: 104,500
Industries
- 334210
- Telephone Apparatus Manufacturing
- 541511
- Custom Computer Programming Services
- 541512
- Computer Systems Design Services
- 517911
- Wired Telecommunications Carriers
- 517919
- All Other Telecommunications