Civil service pension fund ABP has put American supermarket chain Walmart and oil giant PetroChina on its investment blacklist. (...) PetroChina is on the blacklist because of ‘the activities of its parent company CNPC in Sudan and Burma’, the statement said.
More on Dutch News.nl
PetroChina is a Global Compact participant since 2007/08/01.
More on ABP website (Dutch)
Also read the discussion on the PetroChina case on the Global Compact website
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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