ESG Controversy Top Movers
Week ending August 13th, 2023
In this week's report:
Workers at Chevron and Woodside Energy Group facilities in Australia voted to strike;
HSBC executive apologized after calling the UK government ‘weak’ for following US lead over business with China;
Home Depot is facing discrimination allegations from the US actor and singer Tyrese Gibson, and
Staff reductions at Mobile Premier League, Emergent BioSolutions, Cano Health and Rapid7.
Home appliances maker Sensio is recalling 860,000 pressure cookers because of a burn hazard.
The Home Depot Inc.
The US actor and singer Tyrese Gibson is suing Home Depot, alleging discrimination.
Galactus Funware Technology Pvt Ltd.
Invoking 'high taxes', Unicorn gaming company Mobile Premier League (MPL) has laid off 350 employees.
An executive at HSBC has apologized after calling the UK ‘weak’ for following US lead over doing business with China.
Party City Holdco Inc.
Retail chain Party City is facing a shareholder class action lawsuit over allegations of misrepresenting its capital resources and liquidity.
Emergent Biosolutions Inc.
Pharma company Emergent BioSolutions disclosed plans to lay off approximately 400 employees as part of a larger initiative to cut costs.
Cano Health, a primary care provider, plans to lay off about 700 employees, or 17% of its workforce, while looking for a buyer.
Cybersecurity firm Rapid7 is laying off around 470 employees, or 18% of its workforce.
Woodside Energy Group Ltd.,
Workers at Chevron and Woodside Energy Group facilities in Australia have voted to strike, raising concerns over gas supplies.
Wealth management firm Wedbush Securities has been fined $6 million for violating CFTC rules related to recordkeeping and supervision, along with an additional penalty of $10 million imposed by the SEC.
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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.