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!
My Blog List
Friday, May 31, 2013
Total Gets FCPA Prosecution Deferred
Total, S.A., a French oil and gas company, will pay a $245.2 million monetary penalty to resolve charges related to violations of the Foreign Corrupt Practices Act (FCPA) in connection with illegal payments made through third parties to a government official in Iran to obtain valuable oil and gas concessions.
More on Corporate Crime Reporter.
Total (FP:EN Paris) is a Global Compact participant since 2002/03/07. In 2012, Total S.A. was a LEAD contributor to the Foundation for the Global Compact (USD $65,000 +).
Thursday, May 16, 2013
SocGen's Russia unit CEO faces seven years on bribery allegations
The head of Societe Generale's (SOGN.PA: Quote) Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian investigators released a film of him with cash piled on his desk in what several bankers said may have been a set-up.
More on Reuters.
Societe Generale is a Global Compact participant since 2003/06/09. Societe Generale (SOGN.PA), (GLE:FP), (SCGLY) was a USD 5,000 – USD 20,000 contributor to the Foundation of the Global Compact in 2008.
Friday, May 10, 2013
Lawsuit alleges Merck discriminates against women
A Merck & Co. sales representative is suing the drugmaker for at least $100 million, saying Merck doesn’t give women equal opportunities for advancement and punishes employees for taking maternity leave.
More on Boston.com
Merck & Co., Inc. is a Global Compact participant since 2009/01/19. Merck(MRK:New York)(XNYS:MRK)(MRK) signed the CEO Statement of Support for the Women's Empowerment Principles.
Wednesday, May 8, 2013
Hundreds Die While Making Clothes for J.C. Penney, Benetton and others in Bangladesh
The hundreds in Bangladesh killed and injured from the building collapse last week were making clothes for American and European retailers and brands, including JCPenney and Benetton. More than 3,000 people, mostly young women, worked in the Rana Plaza building that contained five garment factories producing items for JCPenney, Cato Fashions, Benetton, Primark, Canada’s Joe Fresh, Walmart’s Canadian operation and others. More on All.gov.
According to the Time,"A JCPenney official said that some of the Joe Fresh products being produced at Rana Plaza would have ended up in JCPenney stores". Read more:
JCPenney (NYSE:JCP), (JCP:New York), (Ticker: JCP) is a Global Compact participant since 2009/01/14. JCPenney was a USD 10,000 contributor to the Foundation of the Global Compact in 2010, and 2009.
Labels:
(JCP:New York),
(NYSE: JCP),
(XNYS:JCP),
Bangladesh,
collapse,
death,
Fatalities,
garment,
health,
JC Penney,
JCPenney,
outsourcing,
Plaza,
Principle 1,
Principle 4,
Rana,
safety,
supply,
textile
Subscribe to:
Posts (Atom)