Activist investors to pressure privately held Palantir on human rights

SAN FRANCISCO - A group advocating ethical investing will ask backers of tech analytics company Palantir Technologies to push for changes to its business practices, a rare case of coordinated shareholder action against a privately held company.

“Through its multimillion-dollar U.S. government contracts, Palantir has played a mission critical role in enabling ICE to carry out its activities,” the group said in a presentation provided to Reuters in advance of its announcement. “The company is failing to fulfill its human rights responsibilities.”

“The relative impunity of private companies heightens the risks of human rights impacts, increasing the need for private equity investors to push those companies through other means to respect human rights,” said alliance Director Paloma Munoz Quick. Microsoft invested in Israeli firm AnyVision, whose facial recognition gear has been deployed by Israeli authorities at Palestinian checkpoints.

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