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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 [...]


Les entreprises américaines et européennes coresponsables de la censure d’Internet

23 06 2009

Reporters sans frontières insiste sur la nécessité d’adopter une législation permettant aux entreprises Internet américaines et européennes implantées dans des pays répressifs d’échapper aux mesures qui leur sont imposées par les gouvernements locaux. En Iran, le gouvernement utilise les systèmes occidentaux de technologies, notamment Nokia et Siemens, pour filtrer le Web et intercepter les échanges [...]


Innovation Fuels Techs’ Reputation Despite Corruption Scandals – Covalence Technology Hardware Industry Report 2008

11 11 2008

Innovative green and social products greatly contribute to the ethical reputation of technology hardware companies, while labour, legal, institutional and production-related challenges are rising, states a report published today by Geneva-based research firm Covalence – Covalence Technology Hardware Industry Report 2008. In Covalence cross-sectors EthicalQuote ranking Technology Hardware recently lost the 1st rank against Automobiles [...]


Siemens AG top exec admits heading a department in charge of bribery and corruption

28 05 2008

Munich – A former Siemens AG executive Reinhard Siekaczek, has confessed to being in-charge of a departmental unit within the engineering firm with the sole purpose of providing bribes to government officials in several countries including Nigeria, to secure lucrative contracts. Mr. Siekaczek made the confession at a Munich court hearing the corruption charge brought [...]


Siemens Braces for a Slap from Uncle Sam

15 11 2007

Peter Löscher, the new CEO of German electronics and engineering giant Siemens (SI), is desperately trying to dig his company out of the biggest bribery scandal in German corporate history. On Nov. 8, Siemens disclosed that its own internal investigation has uncovered $1.9 billion in questionable payments made to outsiders by the company from 2000 [...]


Siemens Creates ‘Siemens Sustainability Award’ in Partnership with the Business Civic Leadership Center & U.S. Chamber of Commerce

14 11 2007

Siemens, a provider of electrical engineering and electronic solutions, in partnership with the Business Civic Leadership Center (BCLC) and the U.S. Chamber of Commerce, announced the creation of the first annual “Siemens Sustainability Award” at the BCLC Corporate Citizenship Awards celebration in Washington, D.C. The “Siemens Sustainability Award” recognizes organizations and communities on both a [...]


Siemens bribery investigation extended to Indonesia, China

18 08 2007

German electronics giant Siemens is facing additional corruption accusations as part of a major bribery investigation to land business deals in China and Indonesia, the homepage of the weekly Der Spiegel news magazine reported Saturday. According to the report, the Munich-based firm transferred 19.7 million euros via a secret Liechtenstein banking account in connection to [...]