Global Compact Compliance Watch
This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
Tuesday, May 29, 2012
Agrium to pay $420K fine in worker's death
The potash company Agrium will pay a $420,000 fine in relation to the death of one of its workers. The company has pleaded guilty to failing to maintain a safe working environment for its employees.
More on CBC News.
Agrium Inc. (NYSE:AGU)(TSX:AGU) is a Global Compact participant since 2008/04/28.
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Ikea Products Made From 600-Year-Old Trees
The home furnishing giant Ikea, founded in Sweden in 1943, is facing heavy criticism for the logging and clear-cutting of old-growth forests in the north of Russian Karelia by its wholly owned subsidiary Swedwood.
More on IPS News.
The IKEA Group is a Global Compact participant since 2004/12/27. IKEA was a Gold contributor to the Foundation for the Global Compact in 2010 and 2009.
Monday, May 28, 2012
Siemens reveals probe into Russian payments, diagnostics business
Global engineering giant Siemens (NYSE:SI) reveals a new investigation into payments made to employees at a Russian facility and a U.S. probe into the company's diagnostics business.
More on Mass Device.
Siemens (SIE:GR) is a Global Compact participant since 26-11-2003.
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BP settles with government, will pay $8M fine, spend $400M to cut pollution at Ind. refinery
BP Products North America Inc. has agreed to install $400 million in new air pollution controls at its northwestern Indiana oil refinery and pay an $8 million fine under a deal announced Wednesday with the government and environmental groups.
More on Newser.
British Petroleum plc (NYSE:BP)(LSE:BP) (BP) is a Global Compact participant and founding father since 2000/07/26.
HSBC Alleged To Have Engaged in Massive Anti-Money Laundering Violations
Reuters released a Special Report detailing global bank HSBC’s anti-money laundering activities. (...) The company, according to Reuters, did not adequately review billions of dollars in client transactions to determine if the customers were using the bank’s services to engage or facilitate drug trafficking, terrorist financing and other criminal activities.
More on the Compliance Exchange.
HSBC is a Global Compact participant since 2000/11/27. HSBC (LSE:HSBA) was a Gold Contributor to the Foundation for the Global Compact in 2011.
Saturday, May 26, 2012
Syngenta agrees to settle US suit over herbicide
Swiss chemicals maker Syngenta's agreement to pay $105 million to settle a nearly 8-year-old lawsuit over one of its popular agricultural herbicides could help reimburse nearly 2,000 community water systems that have had to filter the chemical from its drinking water, a plaintiffs' attorneys said Friday.
Syngenta (SWF:SYNN) is a Global Compact participant since 2009/01/15. Syngenta International AG was a Gold Contributor of the Foundation for the Global Compact in 2012,2011, 2010, 2009.
Friday, May 18, 2012
IBM, HP allegedly implicated in Poland graft scandal: report
Global IT giants IBM and Hewlett-Packard have allegedly been implicated in a corruption scandal over a technology upgrade in Poland's public administration, the Rzeczpospolita daily reported Thursday.
More on Phys.org
Read more on the Rzeczpospolita daily.
Hewlett-Packard (NYSE:HPQ) is a Global Compact participant since 2002/08/29.
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