My Blog List

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.

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.

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 Read more on the Rzeczpospolita daily. Hewlett-Packard (NYSE:HPQ) is a Global Compact participant since 2002/08/29.

Sunday, May 13, 2012

Eni accused of corruption in Kazakhstan

A subsidiary of Italian energy company Eni is suspected of giving bribes to people close to the president of Kazakhstan, prosecutors said. Italian prosecutors say Eni subsidiary Agip Kco is suspected of offering bribes to the son-in-law of the Kazakh president, through 2007, Russia's state-run news agency RIA Novosti reports. Read more: on UPI. More on Reuters. Eni Spa (ENI.MI) is a Global Compact participant since 2001/07/01 and 'Founding Father' of the Global Compact. ENI was a Gold Contributor to the Foundation for the Global Compact in 2010.

Sunday, May 6, 2012

US Labor Department's OSHA cites Johnson Controls Battery Group for exposing workers to lead, other hazards at Holland, Ohio, plant

The U.S. Department of Labor's Occupational Safety and Health Administration has cited Johnson Controls Battery Group Inc. for 11 alleged health violations - including one willful and two repeat - following an Oct. 25 inspection that was initiated based on a complaint. Inspectors found workers overexposed to lead at the company's Holland plant due to a lack of engineering controls and poor housekeeping practices. Proposed fines total $188,600. More on U.S. OHSA. Johnson Controls Battery Group Inc. is a unit of Johnson Controls(JCI:NYSE) a Global Compact participant since 2004/03/31.