Meta’s 2023 Report on Ethical Business Practices Released

NewsMeta's 2023 Report on Ethical Business Practices Released

Today marks the launch of Meta’s second annual Responsible Business Practices Report, which provides a comprehensive overview of the company’s progress in addressing social and environmental priorities. The report also outlines Meta’s efforts to create sustainable value for its customers, employees, investors, and other stakeholders.

Meta structures its responsible business strategy around key pillars that enable sustainable impact: operating transparently and sustainably, building responsibly, and empowering its people and partners. The 2023 Responsible Business Practices Report details the advancements made in these areas.

This year’s report was crafted in alignment with the Global Reporting Initiative (GRI) standards and was informed by the Sustainability Accounting Standards Board (SASB), Internet and Media Services Industry Standards, the United Nations Global Compact, and the Task Force for Climate-related Financial Disclosures (TCFD).

Unlocking Potential for Good

Emerging technologies like artificial intelligence (AI) and the metaverse are central to Meta’s long-term vision. In 2023, these technological avenues began to converge, resulting in new products, apps, and services that bring the metaverse closer to reality. The report sheds light on Meta’s commitment to developing these and other technologies responsibly, openly, and transparently, with a focus on open-source innovation.

In 2023, Meta made significant progress toward its goal of building general intelligence accessible to all by launching Llama, a collection of open-source large language models (LLMs). These models have been downloaded over 170 million times since their release, demonstrating the broad interest and potential for AI to benefit individuals globally.

Report Highlights

The central theme of this year’s report is "unlocking potential." The report provides insights into Meta’s goal of creating positive change through transparent operations, innovative app development, and strong relationships with employees and partners.

Here are some key highlights:

Providing Access to Cutting-Edge AI: Meta has released Llama, a collection of open-source LLMs, to make advanced AI accessible to individuals around the world.

Launching the AI Alliance: Meta has collaborated with more than 50 companies and organizations to accelerate responsible AI innovation through the AI Alliance.

Expanding Parental Supervision Tools: Meta has rolled out parental supervision tools globally across Facebook, Messenger, and Horizon Worlds.

Introducing Lantern: Meta has provided the infrastructure for Lantern, a program that enables technology companies to share signals about accounts and behaviors violating child safety policies.

Founding Members of Take It Down: Meta has become a founding member of Take It Down, a platform designed to prevent the spread of young people’s intimate images online.

Human Rights Salient Risk Assessment: Meta has completed a Human Rights Salient Risk Assessment, focusing on the rights, needs, and challenges of individuals at heightened risk of becoming vulnerable or marginalized.

Maintaining Net Zero Operations: Meta continues to maintain net zero emissions in its global operations and has established a science-based emissions reduction target and a decarbonization roadmap.

Building a Diverse Workforce: Meta remains committed to building a diverse workforce that reflects and supports its ability to serve billions of users worldwide.

Further Reporting

The Responsible Business Practices Report is supplemented by in-depth reports on key areas such as human rights, sustainability, and transparency. These additional reports provide a detailed overview of Meta’s business practices and progress.

Today, Meta is also launching its third annual Human Rights Report, which underscores the company’s commitment to understanding, preventing, and mitigating its highest priority human rights risks. In August, Meta published its annual Sustainability Report, outlining the progress made towards net zero emissions, climate goals, water conservation, energy efficiency, and supply chain sustainability. Additionally, Meta regularly publishes transparency reports to provide the community with insights into how the company enforces policies, responds to data requests, and protects intellectual property, while monitoring dynamics that limit access to Meta technologies.

For more details on Meta’s responsible business practices, you can read the full Responsible Business Practices Report.

For more Information, Refer to this article.

Neil S
Neil S
Neil is a highly qualified Technical Writer with an M.Sc(IT) degree and an impressive range of IT and Support certifications including MCSE, CCNA, ACA(Adobe Certified Associates), and PG Dip (IT). With over 10 years of hands-on experience as an IT support engineer across Windows, Mac, iOS, and Linux Server platforms, Neil possesses the expertise to create comprehensive and user-friendly documentation that simplifies complex technical concepts for a wide audience.
Watch & Subscribe Our YouTube Channel
YouTube Subscribe Button

Latest From Hawkdive

You May like these Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.