Mercadolibre (MELI)

Overall impact
B (78)

Commentary

Mercadolibre is a strong overall performer. With a 'B' rating of 77.5 for overall impact (92nd percentile compared to all companies), Mercadolibre ranks 4th out of 82 industry peers, behind Lojas Renner, Netshoes and Rakuten, and ahead of Liquidity Services, Century 21, Palfinger AG and 75 others. On top material causes for Mercadolibre's industry (Broadline Retail), Mercadolibre performs well in Reduced Inequality (95.3 score), Accountable Institutions (92.4), Quality Lifelong Education (95.1) and 46 other causes where it received an 'A' score and performs poorly in Reduced Green House Gas Emissions (31.1 score), Reduced Green House Gas Emissions (31.1), Sustainable Use of Water (33.7) and 3 other causes where it received a 'D' or 'F' score.
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Company
Founded
1999
Employees
123,670
Sector
Consumer Discretionary
Industry
Broadline Retail
Sub-industry
Broadline Retail
SASB industry
E-Commerce
Headquarters
Uruguay
Share classes
MELI
Mission
To democratize commerce and money, equalizing the opportunities between large companies and small entrepreneurs, by reducing geographical and economic gaps.
Description
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. The company operates Mercado Libre Marketplace, an online commerce platform that can be accessed through mobile app or website; and Mercado Pago, a financial technology solution platform, which offers a comprehensive set of financial technology services to users and other users of its e-commerce platform. It also provides Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which grants loans and obtains better funding alternatives; and Mercado Envios that facilitates the shipping of goods from the Company and sellers to buyers. In addition, the company provides Mercado Libre Classifieds, where users can list vehicles, properties, and services; Mercado Ads, an advertising platform, which enables retailers and brands to promote their products and services on the platform; and Mercado Shops, which allows users to set up, manage, and promote their own online webstores under a subscription-based business model. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.
Material causes
Ethos considers the following causes material for Mercadolibre, based on its industry sub-industry Broadline Retail. Learn more about material causes in our methodology overview.

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