Online media company
Formed in 1996 as a 50:50 partnership between the Seven Network Ltd and Yahoo! Inc. joining together Yahoo!'s global online assets with the TV and magazine content of the Seven Network. In 2018 Yahoo!'s parent company Verizon took over complete ownership.
|Yahoo!7 Pty Ltd||AUS||website|
| Oath Inc
owns 100% of Yahoo!7 Pty Ltd
| Verizon Communications Inc
owns 100% of Oath Inc
|Yahoo!7 Pty Ltd|
In Feb 2017 Yahoo7 was fined $300,000 and convicted of contempt of court for publishing an article that aborted a murder trial, with a judge saying that one of Australia's biggest media companies put profits before professional journalism. Its employee, Sydney journalist Krystal Johnson, who wrote the article, received a good behaviour bond.
[Source 2017][More on Governance]
Greenpeace's 2017 report 'Clicking Clean' looks at the energy footprints of large data centre operators and popular websites and applications, and calls on these companies to power their data centres on renewable energy. Companies are graded (A,B,C,D,F) on their commitment to and procurement of renewable energy, as well as energy efficiency, transparency and advocacy. This company's final grade was B.
[Source 2017][More on Climate Change]
Rank a Brand searches the websites of brands for the answers to carefully targeted questions. From this they calculate sustainability scores based on the themes of environment, climate, labor issues, and transparency. Brands owned by this company received an 'E', the lowest possible score.
[Source 2017][More on Sustainability Reporting]
As You Sow's 2017 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Marissa A. Mayer came in at number 11 on the list, having been paid US$35,981,107 in 2015. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
[Source 2017][More on Finance]
Yahoo! has received criticism for a variety of issues. Follow link for full rundown.
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
|Verizon Communications Inc|
This company received a score of 22.1/100 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 2017][More on Sustainability Reporting]
This company was fined $1.35 million in 2016 by the Federal Communications Commission (FCC) for failing to tell wireless customers about a technology that tracked them as they traveled from site to site on the Internet.
[Source 2016][More on Governance]
This company was fined US$90 million in 2015 by the The Federal Communications Commission (FCC) and the Federal Trade Commission (FTC) after the conclusion of an investigation over "mobile cramming" allegations. The investigation hinged on a particularly dastardly method of revenue collection, wherein major carriers add seemingly minor increases to their customers bills for small fines and services. This tactic is referred to as "cramming".
[Source 2015][More on Governance]
This company was fined US$7.4 million in 2014 by the The Federal Communications Commission (FCC) for using personal cellular data to market to customers without their consent. Verizon is accused of collecting detailed information about a customer's calling habits, like how many calls they made, what services they subscribe to, what numbers they dialed, and their geographic location whenever they placed a call. According to the FCC, Verizon "failed to generate the required opt-out notices" as early as 2006, making 2 million of its customers unknowing participants in the carrier's marketing plans. That data was then used to market Verizon's services to new customers.
[Source 2014][More on Governance]
This company is on OpenSecrets.org's list of the 100 top donor organisations in US federal-level politics since 1989. Companies on this list lobby and spend big, with large sums sent to candidates, parties and leadership PACs. This company comes in at number 59 on the list, with donations totalling US$33,104,313 between 1989 and 2018.
[Source 2018][More on Politics]
This company was fined a record $25 million in 2010 by the Federal Communications Commission (FCC) and agreed to refund an additional $52.8 million to customers to settle allegations that company overcharged as many as 15 million wireless subscribers over the previous three years for its so-called "pay-as-you-go" data plans. [Listed under Information due to age of court finding]
[Source 2010][More on Governance]
As You Sow's 2019 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Lowell McAdam came in at number 62 on the list, having been paid US$17,937,581 in 2018. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
[Source 2019][More on Finance]
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: responsible corporate engagement in climate policy; report climate change information in mainstream reports as a fiduciary duty;
[Source 2017][More on Climate Change]
This company is a member of the Global e-Sustainability Initiative (GeSI), a leading source of impartial information, resources and best practices for achieving integrated social and environmental sustainability through Information and Communication Technology (ICT).
[Source 2016][More on Multi-Stakeholder Initiatives]
This company is a member of How2Recycle. The How2Recycle Label is a voluntary, standardized labeling system that clearly communicates recycling instructions to the public. It involves a coalition of forward thinking brands who want their packaging to be recycled and are empowering consumers through smart packaging labels. Companies must be a member of the program to use the How2Recycle Label.
[Source 2017][More on Multi-Stakeholder Initiatives]
This company is a participant in the Public-Private Alliance for Responsible Minerals Trade (PPA), a multi-sector and multi-stakeholder initiative to support supply chain solutions to conflict minerals challenges in the Democratic Republic of Congo (DRC) and the Great Lakes Region (GLR) of Central Africa. The PPA provides funding and coordination support to organizations working within the region to develop verifiable conflict-free supply chains; align chain-of-custody programs and practices; encourage responsible sourcing from the region; promote transparency; and bolster in-region civil society and governmental capacity.
[Source 2014][More on Multi-Stakeholder Initiatives]
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
[Source 2019][More on Multi-Stakeholder Initiatives]
C- grade on the 2011 Green Grades Report Card, which examines the paper practices of a dozen Fortune 500 companies that consume vast amounts of paper, (A best, F worst).
[Source 2011][More on Forests]
|Company Structure||Wholly-owned subsidiary|
|# Employees||373 in 2012|
|Address||Level 2 Lot 2 Pier 8&9, 23 Hickson Rd, Millers Point, NSW, 2000, Australia|
|Phone||02 8288 4600|
|Fax||02 8288 4777|
Products / BrandsYahoo!7
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