High returns despite responsible investment rules – Norwegian Pension Fund yields 6.9% in 2016

The Norwegian Pension Fund (NPF) manages assets worth more than 840 billion €, constituting the largest government pension fund worldwide. The fund’s assets mainly stem from Norway’s oil revenues and are supposed to offset oil price fluctuations and maintain pensions for current and future generations.

The NPF’s ethics commission evaluates all investment options to ensure the fund’s activities are in line with the OECD Principles of Corporate Governance, the UN Guiding Principles on Business and Human Rights and the UN Global Compact.   ... →

Criticism of Wilmar continues: Amnesty International finds labour violations

 West Kalimantan 
Boy collecting Fresh Fruit Bunches (FFB) in an oil palm plantation. Sanggau, West Kalimantan. November 2005. | Bild (Ausschnitt): © Wakx [CC BY-NC-SA 2.0] - flickr

Whether Nestlé, Unilever, Procter & Gamble or Kellogg’s, palm oil is included in almost all branded products. Behind it is often one name: Wilmar, an agrarian company and leading palm oil producer. Especially in Indonesia, the Group operates through a subsidiary and has been implicated in forced labor, discrimination, low-income and child labor, as Amnesty International reported in a report from 2016.   ... →

Nestlé, Cargill, Archer Daniels Midland: child slavery in Cote D’Ivor case

As Facing Finance reported in January of this year, six former child slaves who had been trafficked from Mali to Cote D’Ivoire filed a suit against Nestlé, Archer Daniels Midland and Cargill, alleging they were forced to harvest cocoa.

After first filing their case against Nestle, Cargill and Archer Daniels Midland in 2005, the former child slaves faced a protracted legal onslaught.   ... →

Nestlé: Child labour on cocoa plantations – Appeal rejected

Over the past few years there have been numerous reports related to child labour on cocoa plantations in the Ivory Coast. Nestlé too sources its cocoa from plantations in the country. Recently, there have been new developments in reference to the Swiss company and its cocoa production.

The US Supreme Court has rejected the appeal by Nestlé to throw the case out, and has allowed litigation to move forward which will address Nestlé´s responsibility for child labour on their supplier plantations.   ... →

Legal case against Nestle’s water extraction in California

Following on from our article on 06/09/2015, “Nestlé: water privatization despite drought”, a case has now been filed to restrict Nestle’s water extraction in Strawberry Creek, California.

Despite water shortages in the region, Nestle continues to extract water from Strawberry Creek, part of the San Bernadino National Forest. In order to restrict this extraction, environmental groups including the “Story of Stuff Project”, the “Courage Campaign Institute” and the “Center for Biological Diversity” have filed a case against the US Forest Service.   ... →

Nestlé ‘failing’ on child labour abuse, says FLA report

29 June 2012

By Humphrey Hawksley | BBC News

The food company Nestle has been accused of failing to carry out checks on child labour and other abuses in part of its cocoa supply chain. A report by an independent auditor, the Fair Labor Association (FLA), says it found “multiple serious violations” of the company’s own supplier code.   ... →