ESG Controversy Top Movers

Week ending March 26th, 2023

From this week's report: massive explosion devastates chocolate factory, killing 7 people; wanted tech founder gets arrested, while another one faces lawsuit with SEC and major companies continue restructuring, cutting tens of thousands of jobs.

It's often difficult to follow all the news to build a complete picture about a company, particularly when events are less reported. Yet published research has identified how selecting stocks and bonds with low controversy profile captures more alpha and lowers risk.

Leveraging local and global newswire coverage, the RavenPack controversy framework allows investors to identify companies involved in controversial events. Each week we publish a selection of controversy identified on a different universe.

Accenture PLC


IT services and consultancy firm Accenture will lay off 19,000 staffers, or 2.5% of its workforce, over the next 18 months.
R.M. Palmer Co.


Devastating explosion at the R.M. Palmer Company in West Reading, Pennsylvania kills at least 7 people.


SEC sues Justin Sun, founder of blockchain company Tron, on securities market manipulation charges.
Just Eat Ltd.


Just Eat is planning to fire 1,700 couriers in the UK, as it shifts back towards a gig economy model.
Logitech International S.A.


Swiss technology firm Logitech has laid off 300 employees.
Indeed Inc.


Job listing website will cut approximately 2,200 employees, representing almost 15% of its total workforce.
Incyte Corp.


U.S. Food and Drug Administration did not approve the application for Ruxolitinib, a drug produced by Incyte, used in treating myelofibrosis, polycythemia vera and graft-versus-host disease.
Marvell Technology Inc.


Marvell Technology, a maker of wireless, data processing and storage chips, will eliminate about 320 jobs or 4% of its workforce. Inc.


Amazon to lay off 9,000 employees, on top of 18,000 fired in January.
Terraform Labs Pte. Ltd.


Do Kwon, Terraform Labs founder, wanted for a $40B crypto crash, has been arrested in Montenegro.

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