Meta recently released its “Responsible Business Practices Report” on September 20, 2024. This report reflects their work during the 2023 Fiscal Year. It discusses many things, such as how AI is developing, how it sees the metaverse, affects the environment, connects with different sources, protects teens, and much more.
The 144-page study mainly introduces AI and Meta’s work to make AI tools easier for many people. Moreover, it has policies, programs, important measures, and findings that support Meta’s responsible business strategy.
Some of the key highlights of the report:
- AI: Meta released LLaMA, an open-source artificial intelligence model with downloads of around 170 million times. Meta also started the AI Alliance to promote responsible artificial intelligence development.
- Teen Safety: It has developed initiatives to improve internet teen safety, like Lantern and Take It Down.
- Human rights: Meta conducted a Human Rights Salient Risk Assessment, focusing on individuals at higher risk of vulnerability or marginalization.
- Sustainability: Meta maintains net-zero emissions in its global operations.
- Forest restoration: Meta collaborated with Texan by Nature, the Texas Longleaf Team, and other organizations to restore 2,000 acres of longleaf pine forest.
What Meta has to Say!
“Meta is moving our offerings beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the metaverse, which we believe is the next evolution in social technology. All of our technologies share the vision of helping bring the metaverse to life. Across our work, we are innovating in AI technologies to build new experiences that help make our technology more social, useful and immersive.”
Meta’s Commitment to Responsible AI Development
Firstly, Meta talks about its ten years of experience working on AI development and stresses the importance of finding a balance between growth and care. The company is sure that AI will significantly help society by making things more efficient and pushing science progress forward. On the other hand, Meta thinks responsible development is significant. This means making open, answerable AI systems that have built-in safety features to reduce risks. Setting safety standards requires that governments and businesses work together. Meta’s goal for AI is to create general intelligence, open source it in a responsible way, and make it easy for many people to use so that other businesses can also gain from its AI models.
Meta’s Core Principles in Action
The report later talks about Meta’s core values in a more relatable way. These ideas cover providing everyone a voice, enabling people to communicate, and guaranteeing online privacy and safety. Through adverts, they hope to make their services accessible and available.
Meta’s Commitment to Human Rights
As you continue with the report, you will find that Meta is committed to advancing its mission by upholding human rights. Their actions apply to the United Nations Guiding Principles on Business and Human Rights (UNGPs). The Human Rights Policy of Meta supports their efforts using relationships with international organizations. Moreover they guarantee the responsible application of human rights across their business.
How Meta is Tackling Climate Change?
Meta knows climate change is a big problem and is trying to improve things for the Earth. They are dedicated to making communities healthy and more robust. Meta works with groups like Yale to determine what people think and feel about climate change. They look at what millions think to determine what makes people act. This helps them make better policies and programs that can make the changes needed to protect the earth for the future.
Meta’s Efforts to Reduce Their 2023 Carbon Footprint
In the report, Meta is showing its carbon footprint for 2023, which adds up to 7.5 million metric tons of CO₂. About 99% of this comes from things like buying things and services. Also, they have taken steps to lessen their effect by eliminating 53,050 tonnes of CO2 to balance out the emissions they make directly. Finally, it shows that Meta is trying to leave less of an impact on the earth and fight climate change.
How is Meta Making the Internet Safer for Teens?
The report also showcases how Meta is focused on creating a safe online space for teens. It’s no surprise that Meta has made more than 50 tools to help teenagers use their platforms safely and appropriately. These tools have great features, such as parental settings, age verification, and secret accounts created automatically for users under 16.
Meta also sends youngsters reminders to take breaks and works hard to stop the exploitation of children. To ensure their sites are safe for young users, they also work with professionals who study mental health and how individuals act online.
All the above points are a few highlights from Meta’s “Responsible Business Practices Report.” The 144-page document goes into more detail about their projects, strategies, and relationships. It shows how they work to make the internet safer, promote human rights, encourage responsible growth, etc.
Conclusion
Meta’s Responsible Business Practices Report presents a thorough view of how the business uses its enormous resources and worldwide influence to propel good changes. From artificial intelligence research and teen safety to human rights and environmental sustainability, Meta’s activities show a dedication to being a good corporate citizen.
Though Meta’s path towards ethical business practices is far from over, the development shown in its most recent report gives optimism for a time when social good will coexist with technology.
Sarabjeet Singh is the Vice President of Operations at Tech2Globe and brings over 15 years of experience in various industries, including IoT, education, retail, government, FMCG, hospitality, and e-commerce. His leadership focuses on operational excellence and exceeding customer expectations, implementing contemporary solutions. Sarabjeet’s expertise spans e-commerce consulting, software development, data management, BPO/KPO support services, digital marketing, graphics, and startup consulting. He fosters a collaborative work environment, ensuring Tech2Globe delivers high-quality solutions.