UN-draft binding treaty on human rights for transnational corporations and other business enterprises.

Crude oil in an open toxic oil waste pit abandoned by Chevron in the Ecuadorean Amazon Rainforest near Lago Agrio. Photo by Caroline Bennett/Rainforest Action Network via Flickr.

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.   ... →

Thun Group of Banks criticised for misguided interpretation of UN Guiding Principles.

  Bild (Ausschnitt): © geralt [CC0 Creative Commons] - pixabay

At the beginning of this year, the informal Thun banking group, consisting of UBS, Credit Suisse, Barclays, BBVA, BNP Paribas, Deutsche Bank, ING, RBS, Standard Chartered, UniCredit and JP Morgan, published a position paper on the understanding and scope of Article 13 of the UN -Leitprinzipien.

In this respect, the banking groups largely excluded their responsibility for protecting human rights.   ... →

Chinas ‘Going Global’ Strategy

Since its WTO accession in 2001, China’s foreign investments have increased, and with this its integration into the global economy, this trend is also called the ‘Going Global’ Strategy. Chinas total non-current assets is estimated at about $4.6 trillion. This makes China a powerful player in the financial world, ahead of the USA and Japan.

The chinese central bank, with a sum of $3.9 trillion is the worlds largest public investor.   ... →

Walmart: Slave labour in Shrimp Production

Shrimp was once a luxury food, but today it is available in all supermarkets at a cheap price, but at what cost for the workers and producers? The Guardian UK has undertaken an investigation in Thailand over a six month period and has reported on severe conditions for those working in the industry in Thailand. Their investigation has shown that men are being bought and sold like animals, most foreign workers are sold to a boat for about 300 Euro and are often held under threat of extreme violence for years.   ... →

Nestlé: Labor Rights of unionists in the Philippines persistently violated

Corruption and Human Rights Violations in the Philippines

Nine years have gone by since the strike of unionists of Nestlé Philippines has begun and still there is little hope for a resolution of the conflict. In 2008, the Supreme Court has filed its third decision on the issue urging Nestlé to restart negotiations. So far, the company has ignored the court’s ruling, because according to the corporation, the workers are laid off work already since 2002.   ... →

AngloGold Ashanti, AngloAmerican and other mining companies: mining workers suffer from health consequences of working in mines for years

Human Rights Violations in Lesotho

Working in mines can have enduring after-effects on workers’ health. Mining workers work deep underground for many years, often without sufficient protection. Recently, a growing number of gold miners in Lesotho complained about health problems. They inhaled silica dust from gold-bearing rocks and later contracted silicosis, a lung disease which causes shortness of breath, a persistent cough and chest pains.   ... →