My Blog List

Tuesday, March 26, 2013

Anheuser-Busch Discloses India Foreign Corruption Probe by SEC

Anheuser-Busch InBev NV (ABI)’s India joint venture is being investigated by the U.S. Securities and Exchange Commission for possible violations of the Foreign Corrupt Practices Act. More on Bloomberg. Read the 20-F form from the SEC website. Anheuser-Busch InBev NV (ABI:EN Brussels) INT, AHBIF, (NYSE: BUD), is a Global Compact participant since 2005/01/17.

Wednesday, March 20, 2013

Enbridge Kalamazoo River Oil Spill: Company Ordered Finish Clean Up, Dredge River

More than two and a half years after a Canadian pipeline rupture spilled heavy oil into a Michigan River, the U.S. Environmental Protection Agency is ordering Calgary-based Enbridge (TSX:ENB) to perform additional dredging to remove submerged oil. The agency said it has repeatedly found oil in sections of the Kalamazoo River. More on the Huffington Post Canada. Read also our previous post. Enbridge (ENB:Toronto), (ENB:TSX) has been a Global Compact participant since 2003/12/16. Enbridge was a Gold Contributor (10000 USD) to the Foundation for the Global Compact in 2011 and 2012.

$2.25M penalty for Missouri pharmaceuticals plant

Teva Pharmaceuticals USA Inc. will pay a $2.25 million penalty for violations that included allowing fluorescent green discharge into a river at its plant in northeast Missouri, state and federal officials said Thursday. More on Bloomberg. Teva Pharmaceutical Industries Ltd is a Global Compact participant since 2010/03/01.

HSBC faces new money laundering claims in Argentina

Banking giant HSBC, which was hit with a US fine for money laundering last year, is facing fresh accusations of illegal activity in Argentina. More on the BBC website. 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 and 2012.

Embraer expands investigation

The world's third largest commercial aircraft manufacturer said its FCPA investigation has expanded to two more countries. In 2010, Brazil-based Embraer S.A. disclosed an investigation focused on three countries. More on FCPA blog. Read Embraer's SEC statement in its 6-K form. It disclosed a SEC Subpoena in November 2011. Embraer (EMBR3:BM&FBOVESPA) (ERJ) is a Global Compact participant since 2008/06/16. Embraer was a Gold Contributor to the Foundation for the Global Compact in 2011.

Sunday, March 10, 2013

Temporary Worker Killed at Bacardi Bottling, OSHA Says Company Failed to Train

OSHA has cited Bacardi Bottling in Jacksonville, Fla., with willful and serious violations following the death of a temporary worker during his first day at work. Proposed penalties for the violations total $192,000. More on EHS Today. Another alternative source from the U.S. Departement of Labor. Bacardi Bottling is a subsidiary of Bermuda-based Bacardi Limited. Bacardi Limited(BACDA) is a Global Compact participant since 2008/07/28. Bacardi Limited was a Gold contributor (USD 10,000) to the Foundation for the Global Compact in 2012 and 2011.

Unilever's labour practices in Vietnam found wanting by Oxfam report

A new report that reveals evidence of poor labour practices in Unilever's operations in Vietnam between 2011 and 2012 is the latest in a long line of collaborations between Oxfam and the food and consumer goods manufacturer. Read more on the Guardian Sustainable Business blog. Unilever Vietnam (ULVR.L)(NYSE: UL)(UNA:EN Amsterdam) is a Global Compact participant since 2008/04/24. Unilever was a LEAD contributor (LEAD: USD $65,000 +) to the Foundation for the Global Compact in 2012 and USD 10,000 contributor in 2010, 2009 and 2007.

Komatsu fined $82,000 for 'serious violations' before worker death

Federal inspectors have charged Komatsu with safety violations and proposed an $82,000 fine in connection with a fatal workplace accident in August. More on pjstar.com Komatsu Ltd. (KMTUF)(KMTUY) is a Global Compact participant since 2008/11/07.