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 . ... →
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. ... →
![Commerzbank-Zentrale in Frankfurt am Main | Bild (Ausschnitt): © David Schiersner [CC BY 2.0] - flickr](https://www.facing-finance.org/files/2017/11/20739518149_d87f94e75b_z-120x120.jpg "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. ... →
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. ... →
![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](https://www.facing-finance.org/files/2017/03/64743770_10786a6b86_o-120x120.jpg "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. ... →
![phones | Bild (Ausschnitt): © dave patten [CC BY-NC-SA 2.0] - flickr](https://www.facing-finance.org/files/2017/03/124418044_9ecce15e96_o-120x120.jpg "phones | Bild (Ausschnitt): © dave patten [CC BY-NC-SA 2.0] - flickr")
When did you last buy a new smartphone? According to Bitkom, the majority of Germans own a mobile phone that is less than a year old. Instead of repairing them, smartphones are bought again. This creates problems in relation to labour and human rights as well as for the environment as the ever-growing demand for precious metals leads to environmental disturbances in mining regions, the neglect of labour rights for miners, and resource scarcity. ... →