On February 22 2012, the World Bank Group announced the debarment of Alstom Hydro France and Alstom Network Schweiz AG (Switzerland) - in addition to their affiliates - for a period of three years following Alstom’s acknowledgment of misconduct in relation to a Bank-financed hydropower project.
The debarment is part of a Negotiated Resolution Agreement between Alstom and the World Bank which also includes a restitution payment by the two companies totaling approximately $9.5 million.
Read the World Bank press release
Alstom is a Global Compact participant since 2008/03/18. It is a Member of the Working Group on the 10th Principle. Alstom was also a Gold contributor to the Foundation for the Global Compact in 2011.
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