Western Union
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OVERALL |
|
Owned |
USA |
Rating |
N/A |
Financial services
Founded in 1851.
Western Union Company | USA | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Western Union Company | ||||
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 174th of 937 companies, and 8th of 18 Transaction Processing companies.
Source: JUST Capital (2024) |
In 2017 this company agreed to pay US$586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud.
Source: news article (2017)
This company received an S&P Global ESG Score of 26/100 in the IT Services & Internet Software and Services 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) |
As documented by the Project of the American Friends Service Committee (AFSC), this company is involved in the USA prison industry. Western Union facilitates money trasfers to prisons.
Source: AFSC (2021)
This company received a score of 27.9/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
In 2022 the median pay for a worker at this company was US$36,144. The CEO was paid 200 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)
This company appears on the 2021 Bloomberg Gender-Equality Index, signifying a commitment to supporting gender equality through policy development, representation, and transparency.
Source: Bloomberg (2021)
The Western Union Foundation works to realize the Education for Better vision by supporting education and disaster relief efforts as pathways toward a better future. Since its inception in 2001, the Western Union Foundation has contributed over $102 million to more than 2,500 nongovernmental organizations in 137 countries and territories.
Source: company website (2018) |
Company Details
Type | Public company |
Revenue | 5.5 billion USD (2017) |
Employees | 11,500 (2017) |
Contact Details
Address | Meridian, Colorado, USA |
Website | www.westernunion.com |