OVERALL |
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Owned |
USA |
Rating |
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E-commerce
Online marketplace with a focus on handmade or vintage items and craft supplies.
| Etsy Inc | USA | website | ||||
| PRAISE | CRITICISM | INFORMATION | ||
| Etsy Inc | ||||
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In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of A-.
Source: CDP (2022)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2023 rankings JUST Capital asked a representative sample of 3,002 Americans to compare 20 different business Issues on a head-to-head basis, producing a reliable hierarchy of Issues ranked in order of priority. Issues are organised under the headings Workers, Customers, Communities, the Environment, or Shareholders & Governance. 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 172nd of 951 companies, and 8th of 40 Retail companies.
Source: JUST Capital (2023) |
In 2022 the median pay for a worker at this company was US$248,232. The CEO was paid 66 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)
As You Sow's 2023 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, Josh Silverman came in at number 55 on the list, having been paid US$40,584,292 in 2022. 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: As You Sow (2023)
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: commit to 100% renewable power; adopt a science-based emissions reduction target.
Source: We Mean Business (2023)
This company was a B Corp from 2012 to 2017. It gave up its B Corp status in 2017 in order to maintain its corporate structure. Certified B Corporations use the power of business to solve social and environmental problems. B Corps meet comprehensive and transparent social and environmental performance standards; meet higher legal accountability standards; and build business constituency for good business.
Source: news article (2017)
This company has sustainability claims on its website in the areas of net zero emissions and supporting small businesses.
Source: company website (2023)
This company received an S&P Global ESG Score of 50/100 in the Retailing category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 22 Sep 2023). 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 (2023)
Etsy is notorious for large numbers of copyright infringement claims. Since the online platform allows users to sell vintage and handcrafted items, this form of copyright infringment is common on the site. Because of this, copyright owners must be especially vigilant. In its user agreement, Etsy states that it is not liable for instances of infringement.
Source: Mandour Law (2018) |
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| Type | Public company |
| Founded | 2005 |
| Revenue | 2.6 billion USD (2022) |
| Employees | 2,790 (2022) |
| Address | Brooklyn, New York, USA |
| Website | www.etsy.com |
