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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Wednesday, October 10, 2012
Alcoa, Aluminium Bahrain Reach $85 Million Settlement Over Bribery Allegations
Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain-controlled company overpaying for raw materials.
Alcoa agreed to pay $85 million in cash to Aluminium Bahrain BSC, or Alba, without admitting liability.
More on Law.com and on previous January 2012 blog.
Alcoa is a Global Compact participant since 2009/09/23. Alcoa was a USD 10,000 contributor for the Global Compact Foundation in 2010.
Tuesday, October 9, 2012
EBRD should not invest in Polish energy company suspected of corruption, say European NGOs
The European Bank for Reconstruction and Development is considering participating in a EUR 772 million loan for a subsidiary of major Polish energy group ENEA, whose management is currently being investigated by authorities because of alleged irregularities in management and misuse of public funds.
More on CEE BankWatch
ENEA S.A. is a Global Compact participant since 2011/06/03.
Friday, October 5, 2012
Randstad US, LP to Pay $60,000 to Settle EEOC Disability Bias Suit
A large nationwide employment referral and placement services company will pay $60,000 and furnish substantial injunctive relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced today.
More on the EEOC website.
Randstad U.S. is a subsidiary of Randstad Holding, (RAND:EN Amsterdam) (AMS:RAND) (RAND.AS) a Global Compact participant since 2005/04/20.
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