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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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.
Labels:
(ENA:Warsaw),
(ENA),
corruption,
EBRD,
ENEA,
ENEA S.A.,
irregularities,
Poland,
Principle 10
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