Promoting a more responsible and sustainable financial system
Category Archives: News & Media
Here you find news and information about companies excessively and continuously breaching international norms and standards regarding human and labour rights, environmental protection, controversial weapons and corruption.
Over two years after the disaster, there is still no complete assessment of the socio-environmental and socio-economic damages suffered by the affected communities.
As reported in Dirty Profits 6 – In March 2016, Samarco, Vale and BHP Billiton signed an agreement with the federal and state governments for socioeconomic and environmental recovery work worth a total of around BRL20bn over 15 years. ... →
The negotiation process towards a meaningful treaty on business and human rights has been underway since 2014 at the UN Human Rights Council. The process has been a slow one but the development and release of the draft treaty in July this year is a strong indication that there is a clear change coming to the world of business and human rights. ... →
The meat industry is heavily responsible for global warming, according to a recent study by the Institute for Agriculture and Trade Policy (IATP) and the environmental organisation Grain. The emissions of the animals in the form of methane, as well as the production of the meat are the key factors contributing to the massive greenhouse gas emissions from the meat industry. ... →
Glencore, the world’s largest commodity corporation, is suspected of corruption in the Democratic Republic of the Congo and is expected to be sued on that basis. A Glencore subsidiary is said to have paid $ 6 million annually since 2013 to a company in the Democratic Republic of the Congo, on a quid pro quo basis. ... →
The Tuticorin copper smelter located in a South Indian city of 320,000 and owned by Vedanta Resources, has faced criticism for more than two decades for causing increased cancer rates in surrounding villages. Nisha Valderas, a resident, describes the situation: “If you go to the doctor, the first question is: Are you from Tuticorin?”. She knows of at least three people from the region who died of cancer before the age of eighteen. ... →
Just a few days after Deniz Yücel’s surprise release, it appears that Turkey is expecting something in return. At the Munich Security Conference, Prime Minister Yildrim told dpa that it had requested German participation in the planned construction of the primary Turkish battle tank. According to the SZ, more than 1000 Atalay tanks are planned, for which the RBSS joint venture between the Turkish truck producer BMC and Rheinmetall was already founded in 2016. ... →