Samsung Electronics – Climate Change

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Greenpeace-Aktivisten protestieren gegen den Klimawandel | Bild (Ausschnitt): © Tim Aubry [CC BY-SA 3.0] - https://en.wikipedia.org/w/index.php?title=File:Too_big_to_fail_Greenpeace_banner_Phil_Radford.jpg

The latest Greenpeace report published January 2018 exposes Samsung Electronics’ overreliance on fossil fuels. Reports show that Samsung used more than 16,000GW/h of energy in 2016 alone, of which only 1% was sourced from renewables.((https://www.greenpeace.de/sites/www.greenpeace.de/files/publications/20171017-factsheet-greenpeace-green-it-guide.pdf)) This lags far behind other global IT companies, among Apple Inc., which have already committed to 100% renewables by 2020. In effect, this is controversial to Samsung’s claim “Do Bigger Things” as the company “lacks action to mitigate the effects its massive production has on the environment,” said Jude Lee, Senior IT Campaigner at Greenpeace East Asia.   ... →

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

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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.   ... →

Trumps Business with Deutsche Bank being investigated by FBI

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Trump im Gespräch mit Putin während dem G20-Gipfel 2017 in Hamburg | Bild (Ausschnitt): © Website of the Russian President [CC BY 4.0] - Kremlin.ru

Investigations by the FBI into the alleged Russian manipulations of the 2016 US presidential elections are now including the Deutsche Bank. There is a suspicion that the bank’s loans to the US President have ties to the Russian government. According to a report by the Handelsblatt, FBI special investigator Mueller has applied for a subpoena, compelling the release of material.   ... →

New Study : Tobacco Free Investments – Why banks should end their deadly relationship with Tobacco Companies.

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To date, 181 countries have signed and ratified the World Health Organization (WHO) Framework Convention on Tobacco Control. With the aim of limiting the consumption of tobacco and its life-threatening consequences and reducing the number of smokers. The agreement is considered a success because in many countries, at least the countries of the Global North, smoking rates have significantly reduced.   ... →

Raid on Commerzbank headquarters for suspected tax evasion

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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.   ... →