ESG News Review 20 – 26 September 2014

29 09 2014

Nestlé was among the most praised companies last week as it announced its endorsement of Caring for Climate, the world’s largest coalition on climate issues, during the U.N. Climate Summit in New York. At the same occasion Kellogg Company announced a new commitment to support the livelihoods of 15,000 smallholder growers around the world. Unilever […]

ESG News Review 23 — 29 August 2014

1 09 2014

Nestlé appeared among the most praised companies last week as Nespresso launched its 2020 Sustainability ambition, The Positive Cup, and the Nespresso Sustainable Development Fund, a strategy based on a CHF 500 million investment aiming at improving farmer welfare and driving environmental sustainability in coffee sourcing and consumption. Verizon announced that it will invest nearly […]

ESG News Review 24 — 30 May 2014

2 06 2014

Nestlé was among the most praised companies last week as it is supporting a new strategy organized by the World Cocoa Foundation to promote sustainability in the cocoa supply chain in Côte d’Ivoire and Ghana; the plan, named ‘CocoaAction’, will help to coordinate and align the sustainability efforts of the world’s largest suppliers and buyers […]

ESG News Review 15 — 21 March 2014

24 03 2014

First Solar was among the most praised companies last week as it signed a power purchase agreement with Shams Ma’an Power Generation for a planned 52.5 megawatt solar power plant in Jordan. PepsiCo said it is rolling out a new land policy “with zero tolerance for illegal activities in our supply chain and for land […]

ESG News Review 28 September – 4 October 2013

7 10 2013

Last week the most criticized company was Tokyo Electric Power Co. Inc., as contaminated water continue leaking at Fukushima nuclear plant. Ryanair also received negative comments for being ordered by a French court to pay more than €9m in fines and damages for breaching labour laws in Marseille. BP has been accused of withholding information […]

ESG News Review 13 — 20 July 2013

22 07 2013

GlaxoSmithKline continued to be the most criticized company last week, as Chinese officials pursued their investigation into the suspected “economic crimes” of executives, including bribery. This affair occupies a large portion of the summer media space. On the other hand, Microsoft was the most praised company for calling on President Obama and the U.S. Congress […]

Siemens AG to exit nuclear business, focus on renewable energy

19 09 2011

Siemens AG, Europe’s largest engineering company, yesterday said that it would cease building nuclear power plants globally and focus on renewable energy after the German government decided to phase out nuclear power by 2022. After the Fukushima nuclear power plant accident in Japan following the earthquake and tsunami in March, the Angela Merkel government in […]

Multinational Corporations And Poverty Eradication — Analysis

25 08 2011

The second story that confirms my argument was a story from SIEMENS, a gigantic conglomerate from Germany. After a series of interview with their CSR team in Thailand, I have noticed similar pattern to the previous case. Although they do not perceive poverty as a direct threat, they have been working on this issue indirectly. […]

Nokia Siemens Networks Sued for Selling Spy Kit to Iran

17 08 2010

Nokia Siemens Networks is facing a lawsuit over allegations that it sold equipment to Iran that was subsequently used by the government to monitor opposition activists. Iranian journalist and activist, Isa Saharkhiz and his son, Mehdi Saharkhiz have filled the lawsuit in a U.S. Federal Court against Nokia Siemens Networks and its parent companies Siemens […]

One billion dollars and green compliments to Siemens

10 08 2010

Siemens annouced today it has won orders in the USA and Canada to supply wind turbines worth one billion US dollars. At the same time the company has been praised for its growing involvement in renewable energy and clean technologies. This is in line with the “Ethical Recovery at Siemens AG” after the bribery scandal […]