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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Sunday, February 10, 2013
SEC Charges Germany-Based Allianz SE with FCPA Violations
The Securities and Exchange Commission today charged Germany-based insurance and asset management company Allianz SE with violating the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA) for improper payments to government officials in Indonesia during a seven-year period.
More on menafn.com.
Allianz (ALV:Xetra)(ALV:GR)(AZSEY) is a Global Compact participant since 2002/07/02. Allianz was a Gold Contributor (USD 10,000) to the Foundation for the Global Compact in 2012, 2011 and 2010.
California sues oil company for environmental violations
State Attorney General Kamala Harris is going after Arco and its parent company BP. In a lawsuit filed Monday, the state attorney general and seven counties are accusing the oil company of violating regulations designed to protect the environment.
More on ABC7 News.
British Petroleum plc (NYSE:BP)(LSE:BP) (BP) is a Global Compact participant and founding father since 2000/07/26. BP Plc was also a Gold Contributor of the Foundation for the Global Compact in 2012.
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Barrick Gold Corporation Mines Fined For The Release Of Toxic Chemicals In Nevada
The U.S. Environmental Protection Agency has ordered three northern Nevada gold mines to pay a total of $618,000 for failing to report the release of toxic chemicals, including cyanide, lead and mercury from 2005-08. All three mines are subsidiaries of the Toronto-based Barrick Gold Corp.
More on Huffington.
Barrick Gold Corp. NYSE: ABX,(TSX: ABX), (ABX:New York) is a Global Compact participant since 2005/06/02.
Saturday, February 2, 2013
Halliburton bribe: Paris court sentences Technip executives for bribing Nigerian officials
While no Nigerian official implicated in the $180 million (N27 billion) Halliburton bribery scam has been convicted, a Paris court, Friday, sentenced two former executives of French engineering and construction giant, Technip S.A, for their role in the scam.
More on The Premium Times.
Technip (TEC:EN Paris),(TEC:FP),(PINX:TKPPY) has been a Global Compact participant since 2002/10/14.
More on The Premium Times.
Technip (TEC:EN Paris),(TEC:FP),(PINX:TKPPY) has been a Global Compact participant since 2002/10/14.
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