Alcoa, Aluminium Bahrain Reach $85 Million Settlement Over Bribery Allegations

Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain-controlled company overpaying for raw materials. Alcoa agreed to pay $85 million in cash to Aluminium Bahrain BSC, or Alba, without admitting liability. More on Law.com and on previous January 2012 blog. Alcoa is a Global Compact participant since 2009/09/23. Alcoa was a USD 10,000 contributor for the Global Compact Foundation in 2010.

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.

Randstad US, LP to Pay $60,000 to Settle EEOC Disability Bias Suit

A large nationwide employment referral and placement services company will pay $60,000 and furnish substantial injunctive relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced today. More on the EEOC website. Randstad U.S. is a subsidiary of Randstad Holding, (RAND:EN Amsterdam) (AMS:RAND) (RAND.AS) a Global Compact participant since 2005/04/20.

Credit Suisse paid 18.9 million francs in compensation

Credit Suisse has paid 18.9 million swiss francs to the canton of Zurich (BVK) pension fund compensation to close an alleged corruption case through extrajudicial settlement. One of the main defendants is a former bank employee who allegedly manipulated share prices from a local canton between 1999 and 2003. More on Le Matin (French) Credit Suisse (CSGN:SIX) , (CS:New York) is a Global Compact participant since 2000/07/26 and thus considered as one of its Founding Fathers. The bank was a Gold Contributor to the Foundation for the Global Compact in 2010 and 2011.

Hindustan Zinc, Ambuja Ordered to Pay Clean-Energy Fines

Hindustan Zinc Ltd. among 16 other company was ordered to pay a fine for not complying with a government order asking company to purchase renewable energy quotas. More on Bloomberg. Hindustan Zinc Limited (HZ:Natl India) is a Global Compact participant since 2005/11/11.

Ex-Hewlett-Packard Managers Charged in Germany on Russia Bribery

Three former Hewlett-Packard Co. (HPQ) managers were charged in Germany in a corruption investigation over improper payments made to win a 35 million-euro ($45 million) sale of computers to Russia about nine years ago. More on Bloomberg. Hewlett-Packard (NYSE:HPQ) is a Global Compact participant since 2002/08/29. HP was a Gold Contributor to the Foundation for the Global Compact in 2009.

Suncor Energy Told To Step Up Toxic Spill Cleanup

Colorado health officials are ordering Suncor Energy to step up efforts to clean up contaminated groundwater moving off its refinery in Commerce City. The health department says current efforts are not working and a contaminated groundwater plume has changed direction, contaminating areas that previously had been clean. More on CBS Denver. Suncor Energy Inc. (SU:Toronto)(SU:NYSE) is a Global Compact participant since 2001/08/31. Suncor Energy was a gold contributor for the Foundation for the Global Compact in 2012 and 2011.