The Royal Bank of Scotland has agreed to pull out of conducting further financial deals with cluster-bomb manufacturers after its investments in the controversial industry were exposed by The Independent and arms campaigners. The campaign was led by Amnesty International.
Royal Bank of Scotland has been a Global Compact participant since October 2003.
Read more: article from the Independent
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!
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