Tech Giants, Anti-trust and ESG

Share price performance of Google, Apple, Amazon and Facebook remains strong but their social licenses - the "S" of ESG - may be weakening under US lawmakers' scrutiny

Sustainalytics 22 July, 2020 | 1:13PM

Google Apple Amazon Facebook

On July 27 the chief executives of four of the world’s most prominent technology companies, Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL) and Facebook (FB.), will appear before the US Congress as part of an ongoing antitrust investigation into their market power.

This is the latest in a series of developments that includes federal and state-level investigations in the US into the market practices of these companies. Back in 2018, as part of the Sustainalytics publication, ESG Risks on the Horizon, it was noted that the antitrust related scrutiny of major technology companies is likely to persist given the market concentration these companies had established within the digital economy.

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