Covalence EthicalQuote » Adidas

Adidas to make €1 trainers

info — Sun, 15 Nov 2009 10:15:43 +0000

The move from the company more usually associated with expensive footwear and celebrity sponsorship was inspired by Bangladesh’s Nobel prize winner, Muhammad Yunus, the pioneer of micro-loans which help the poor start their own businesses. He told the company, which has been criticised for exploitation in the developing world, that Bangladesh needed “social businesses” which would create jobs in the country. The company has now agreed it will produce shoes in Bangladesh on a non-profit basis, although a spokesman stressed the final price may be higher than the €1 (89p) target. The move marks a change of heart for the company, which has been associated with big money sponsorship deals and luxury brand prices. Image: complex.com. More…

News selected by Covalence | Country: Bangladesh | Company – Ethical Quote link: Adidas | Source: Telegraph.co.uk

Adidas, Michelin et Total : l’enquête préliminaire est ouverte

info — Thu, 02 Apr 2009 10:18:12 +0000

Le procureur de la République de Paris a choisi d’agir vite. Jean-Claude Marin a ouvert, hier, une enquête préliminaire pour « blanchiment de fraude fiscale » visant les groupes Michelin, Adidas et Elf, aujourd’hui propriété de Total. Comme « le Parisien »-« Aujourd’hui en France » le révélait mardi, les investigations porteront sur des comptes bancaires au Liechtenstein, détenus par des fondations supposées liées aux trois sociétés incriminées. L’enquête a été confiée au Service national des douanes judiciaires (SNDJ). Les douaniers vont devoir désormais vérifier à quoi ont servi les fondations et leurs comptes bancaires. Ils devront notamment déterminer l’importance des mouvements de fonds mais surtout découvrir l’origine et la destination de l’argent. Image source: leparisien.fr. > Continue.

News selected by Covalence | Country: France, Liechtenstein | Company: Michelin, Adidas, Total | Source: Le Parisien

Olympic sponsor BHP fails to placate Mia Farrow over Darfur

info — Tue, 29 Apr 2008 07:50:46 +0000

BHP Billiton has incurred the wrath of campaigners who are now planning a series of demonstrations against the company for its backing of the Beijing Olympics. The mining giant is one of a handful of major corporate sponsors of the Games being targeted by Dream for Darfur – the group led by actress Mia Farrow which argues that the Chinese regime is supporting the genocide in Darfur by propping up the Sudanese government. It has called on the 19 major international sponsors to use their influence and call for an end to alleged Chinese interference in Sudan. After three months of campaigning, the group issued a “report card” on the companies this week, giving BHP the worst possible grade of “F”, along with other companies such as industrial conglomerate General Electric, McDonald’s and Johnson & Johnson. Dream for Darfur is holding a series of demonstrations against Coca-Cola and office supplier Staples across America today and wants to extend protests across the globe, including against BHP. Of the major sponsors, only Kodak and Adidas received a “B+” for writing open letters to the United Nations, urging the body to enforce Resolution 1769, which authorised a peacekeeping force for the region but has never been implemented. Image source: .telegraph.co.uk. > Continue.

News selected by Covalence | Country: China, Sudan| Company: BHP Billiton, Coca-Cola Company, General Electric, McDonald’s, Johnson & Johnson, Kodak, Adidas | Source: Telegraph.co.uk