Cargill: Sustainability leader or worst company in the world?

 Open burning in a newly cleared rainforest in West Kalimantan, Indonesia, where Cargill is operating two undisclosed palm oil plantations. | Bild (Ausschnitt): © David Gilbert/RAN 2009 (CC BY-NC 2.0)

Cargill is one of the world’s largest agricultural commodity trader and food processor and United States’ largest privately-owned company, with revenues exceeding $114 billion in 2018. The company dominates the global industrial agricultural system, a system which seeks to convert vast areas of land into industrial and chemically dependent scale monocultures to produce cheap meat, palm oil and chocolate.   ... →

Amazon’s Kindle and Echo Dot: serious labour violations in China at Foxxconn factory

In 2017 Amazon earned over $3 billion in profit, reaching record highs that exceeded Wall Streets expectations . This information is difficult to correlate with the new report that has been recently released by the NGO China Labour Watch.

The new report details the oppressive labour conditions faced by dispatch workers at Amazon’s factories in China .     ... →

Syndicate of banks, including European banks, signs agreement with Norilsk Nickel for 2,5 Billion over five years.

Norilsk Nickel, as reported in our previous Dirty Profits 5 report , has had serious concerns in relation to environmental pollution and health problems for the local population. In 2009, the Norwegian Government Pension Fund excluded Norilsk Nickel due to severe environmental degradation at the company’s Polar Division and in particular surrounding the City of Norilsk.   ... →

Raid on Commerzbank headquarters for suspected tax evasion

 Commerzbank-Zentrale in Frankfurt am Main | Bild (Ausschnitt): © David Schiersner [CC BY 2.0] - flickr

As reported by n-tv and Handelsblatt the attorney general of Frankfurt authorised raids on offices in the Commerzbank headquarters as well as 3 private houses of accused individuals in the second week of November. The raid was based on the suspicion that Commerzbank evaded taxes by Cum-Ex trading in the past.

The attorney general claims investigations showed multi-billion Euro deals closed between 2006 and 2010 which evaded taxes of about 40 million Euros.   ... →

Syndicate of banks funding meat packing company JBS -amidst allegations of deforestation, slavery, corruption and fraud.

JBS is the world’s largest meat company by revenues, capacity, and production including beef, poultry, lamb and pork. It is the largest beef exporter from Brazil and it sells its meat products under a range of brands including Swift, Friboi, Seara, Pilgrim’s Pride, Gold Kist Farms, Pierce, 1855, Primo, and Beehive.

According to the Brazilian Environmental Protection Agency (IBAMA), in March 2017, during a raid of two JBS meat processing plants, 59000 cattle were found that had been sourced from illegally deforested land.   ... →

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.   ... →