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.

U.S. EPA, DNREC reach $500,000 settlement with DuPont Corp. for water quality violations

On November 10 2011, the Delaware Department of Natural Resources and Environmental Control, the U.S. Department of Justice and the U.S. EPA. entered into a consent decree with the DuPont Corp. in which the company has agreed to pay a penalty of $500,000 for numerous violations of the DuPont Edge Moor plant site’s National Pollutant Discharge Elimination System (NPDES) permit and other state and federal regulations. Many of the violations at the facility – which makes a white pigment from titanium used in the print and publishing industries – were pollutant discharges into the Delaware River that occurred between 2005 and 2011.

Read the official press release from the DNREC

DuPont is a Global Compact participant since 2001/05/10.

BP to pay Texas USD 50 million for refinery pollution

On November 3rd 2011, BP has agreed to pay Texas $50 million for air pollution violations at a Gulf Coast refinery where a 2005 explosion killed 15 workers. The settlement between BP Products North America , a subsidiary of BP and the State of Texas resolves 72 emissions violations between 2005 and today.

British Petroleum plc (BP) is a Global Compact participant and founding father since 2000/07/26

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Nokia accused of violating Chinese labour laws over employee layoffs

Finnish mobile giant and Global Compact participant Nokia has been accused by some of its employees of violating Chinese labour laws following new plans to cut a number of employees working at Nokia China, the National Business Daily reports. 


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