Global Compact Compliance Watch

Brazil’s supreme court to investigate politicians in Petrobras corruption

noreply@blogger.com (Simon) — Mon, 20 Apr 2015 21:43:00 +0000

Brazil’s supreme court will investigate 54 elected officials in connection with a corruption scandal unfolding at Brazil’s state-owned oil giant, Petrobras. More on Euronews. Petróleo Brasileiro S.A (BVMF: PETR4)(XNYS:PBR)(PETR4.SA) is a "Global Compact Advanced" participant and became a participant on 2003/11/26. In 2014, New York based UN Global Compact Office, received USD 15000+ from Petrobras. In 2009, Petrobras signed the CEO Statement against Corruption, which is publicly backed up by the Global Compact office.

Bombardier Transportation accused of corruption in South Korea

noreply@blogger.com (Simon) — Fri, 06 Feb 2015 21:13:00 +0000

Bombardier Transportation was investigated in South Korea over corruption allegations but never charged, CBC's French-language service Radio-Canada has learned. More on CBC. Bombardier Inc.(TSX:BBD.B) is a Global Compact participant since 2007/03/17. Bombardier Inc. was a Gold Contributor to the Foundation for the Global Compact in 2012 and 2011.

Alstom Pleads Guilty and Agrees to Pay $772 Million Criminal Penalty to Resolve Foreign Bribery Charges

noreply@blogger.com (Simon) — Sun, 18 Jan 2015 12:45:00 +0000

Alstom S.A. (Alstom), a French power and transportation company, pleaded guilty today and agreed to pay a $772,290,000 fine to resolve charges related to a widespread scheme involving tens of millions of dollars in bribes in countries around the world, including Indonesia, Saudi Arabia, Egypt and the Bahamas. More on the SEC website. Alstom is a Global Compact participant since 2008/03/18. It is a Member of the Working Group on the 10th Principle. Alstom was also a Gold contributor to the Foundation for the Global Compact in 2013 (USD 15,000), a USD 10,000 contributor in 2012 and 2011. .

MAN AG discloses $344 million in penalties and costs for bribe scandal

noreply@blogger.com (Simon) — Sat, 13 Dec 2014 04:13:00 +0000

German truck and diesel engine maker MAN AG has said a five-year old bribery scandal has now cost the company €250 million ($344 million) in fines and penalties and investigation costs. See more on FCPA BLOG MAN SE (formerly MAN AG) (MAN:Xetra)(MAN:GR) is a Global Compact participant since 2010/12/06. In 2013, MAN SE was a USD 15,000 contributor to the Foundation for the Global Compact, (USD 10,000 in 2012 and 2011.

Hewlett-Packard Pleads Guilty To Bribing Russian Officials, Fined $58.7M

noreply@blogger.com (Simon) — Tue, 30 Sep 2014 02:22:00 +0000

The Hewlett-Packard Company (NYSE:HPQ) has pleaded guilty to bribing Russian government officials, and has been fined $58.7 million, according to a report in the New York Times. More on International Business Times. Hewlett-Packard (NYSE:HPQ) is a Global Compact participant since 2002/08/29.

China fines GlaxoSmithKline nearly $500 million for bribery

noreply@blogger.com (Simon) — Thu, 25 Sep 2014 02:05:00 +0000

Drug giant GlaxoSmithKline has apologized to China for bribing health care workers and will pay a fine of nearly half a billion U.S. dollars. More on http://money.cnn.com/. GlaxoSmithKline (GSK:LN), (GSK:London) is a Global Compact participant since 2007/08/10. In 2014, GlaxoSmithKline was a USD 15,000 contributor to the Foundation for the Global Compact.

Supplier factory of Samsung, Lenovo violates rights of children and students

noreply@blogger.com (Simon) — Fri, 29 Aug 2014 23:19:00 +0000

Only six weeks after the latest revelation of child labor in Samsung’s supply chain, China Labor Watch (CLW) has again uncovered child workers and student workers employed under exploitative conditions at a Samsung and Lenovo supplier factory called HEG Electronics in Huizhou, Guangdong Province. Lenovo is a Global Compact participant since 05-01-2009. The Global Compact 5th Principle states that "Businesses should uphold the effective abolition of child labour." Lenovo was a USD 15,000 contributor to the Global Compact Foundation in 2014, 2013, 2011 and USD 10,000 in 2009.

Authorities raid Kongsberg Gruppen

noreply@blogger.com (Simon) — Wed, 26 Feb 2014 17:02:00 +0000

Norway’s economic crimes unit Økokrim raided the defense communications arm of defense contractor and technology firm Kongsberg Gruppen on Tuesday, and charged the company with corruption. Authorities were tight-lipped, and wouldn’t immediately say whether any company executives or other individuals have been charged as well. More on newsinenglish.no Kongsberg Gruppen (KOG:Oslo) is a Global Compact participant since 2006/07/31. The alleged corruption facts range from 1999 to 2008. Kongsberg Gruppen was also a Silver Contributor (USD 5,000 < USD 10,000) to the Foundation for the Global Compact in 2012 and a USD 10,000 - USD 14,999 contributor in 2013.

Former CEO of Norway's Yara indicted on corruption charges

noreply@blogger.com (Simon) — Fri, 17 Jan 2014 23:32:00 +0000

The former chief executive of Norway's Yara International(YAR.OL), Thorleif Enger, has been indicted on corruption charges after a cross-border bribery investigation by the police's economic crime unit, his lawyer said on Thursday. More on Reuters. Yara International ASA (YAR:Oslo Bors)(YAR.OL)PINX:YARIY is a Global Compact participant since 2006/02/03. In 2012, 2011 and 2010, Yara International ASA was a Gold Contributor to the Foundation for the Global Compact.

Alcoa World Alumina Agrees to Plead Guilty to Foreign Bribery and Pay $223 Million in Fines and Forfeiture

noreply@blogger.com (Simon) — Fri, 10 Jan 2014 16:00:00 +0000

Alcoa World Alumina LLC, a majority-owned and controlled global alumina sales company of Alcoa Inc., has agreed to plead guilty later today and pay $223 million in criminal fines and forfeiture to resolve charges that it paid millions of dollars in bribes through an international middleman in London to officials of the Kingdom of Bahrain, in violation of the Foreign Corrupt Practices Act (FCPA). More on the U.S. Department of Justice website. Alcoa Inc. (AA:New York)(NYSE: AA) is a Global Compact participant since 23-09-2009. The company contributed to USD 10,000 to the Global Compact Foundation in 2010.

Novartis Accused of Paying Kickbacks for Exjade Sales

noreply@blogger.com (Simon) — Thu, 09 Jan 2014 15:41:00 +0000

A Novartis AG (NOVN) unit was accused by the U.S. and a group of states of paying kickbacks to a specialty pharmacy to boost sales of Exjade, an iron-control drug that can cause kidney and liver failure. More on Bloomberg. Novartis is a Global Compact participant since 2000/07/26 and is considered as one of the organization's Founding Fathers. Novartis was a LEAD contributor (USD $65,000 +) to the Foundation of the Global Compact in 2013 and 2012, and a USD 10,000 contributor in 2010. In 2009, Novartis International AG signed the UN Global Compact's CEO Letter against Corruption!

Leighton faces class action over bribery allegations

noreply@blogger.com (Simon) — Mon, 07 Oct 2013 04:36:00 +0000

Construction giant Leighton Holdings is facing a shareholder class action over allegations of bribery and corruption in Iraq. More on ABC News. Leighton Holdings Limited is a subsidiary of HOCHTIEF Australia Holdings Limited (LEI:AU)(LEI), which operates as a subsidiary of Hochtief AG. Hochtief AG is a Global Compact participant since 2008/11/03.

BHP faces possible sanctions following US corporate gifts investigation

noreply@blogger.com (Simon) — Mon, 30 Sep 2013 05:53:00 +0000

Mining giant BHP Billiton might face sanctions as investigations into corporate gifts continue, the miner reported on Friday. In 2009, the US Securities and Exchange Commission (SEC) requested information from the company, prompting BHP to launch internal investigations and to disclose evidence regarding possible violations of anticorruption laws involving interactions with foreign government officials. More on Mining Weekly. BHP is a Global Compact participant since 2003/07/21. In 2013, BHP was a USD 15000 contributor to the Foundation for the Global Compact and USD 10000 contributor in 2012 and 2011.

Second Danone unit probes bribery allegations in China

noreply@blogger.com (Simon) — Mon, 30 Sep 2013 04:30:00 +0000

Danone SA's advanced medical nutrition unit Nutricia has started an internal investigation after a Chinese newspaper published a report alleging it had bribed more than 100 doctors in Beijing to boost sales, the company said on Wednesday. More on Reuters. Danone is a Global Compact participant since 2003/02/27.

Protests continue in Bucharest against gold mine plan in Rosia Montana

noreply@blogger.com (Simon) — Thu, 12 Sep 2013 05:06:00 +0000

About 1,000 people gathered in Bucharest on Tuesday night for a third day of protests against plans for Europe's biggest opencast gold mine. More on the Guardian. Read previous post. Rosia Montana Gold Corporation is 19.31 percent owned by the Romanian state with the remaining shareholders including Gabriel Resources, Newmont and Barrick Gold all three companies being Global Compact participants. The consortium itself is registered as as a Global Compact participant since 2005.

China's GSK probe motivated solely by wish to curb corruption

noreply@blogger.com (Simon) — Thu, 12 Sep 2013 05:02:00 +0000

The major pharmaceutical multinational GlaxoSmithKline is being investigated by the Chinese authorities for anti-trust and bribery offences. More on the South China Morning Post. Read previous post. GlaxoSmithKline (GSK:LN), (GSK:London) is a Global Compact participant since 2007/08/10.

Olympus to be prosecuted by UK fraud agency

noreply@blogger.com (Simon) — Thu, 12 Sep 2013 04:55:00 +0000

Japanese camera and medical equipment maker Olympus and its UK subsidiary Gyrus Group will be prosecuted by the UK's Serious Fraud Office. More on BBC News Olympus (7733:Tokyo), (OCPNY‎) is a Global Compact participant since 2004/10/20.

Hewlett-Packard Says Polish Regulators Join Bribery Probe

noreply@blogger.com (Simon) — Thu, 12 Sep 2013 04:48:00 +0000

Hewlett-Packard Co. (HPQ), the world’s second-biggest personal-computer maker, said Polish investigators joined a probe by U.S. regulators into potential violations of the Foreign Corrupt Practices Act by the company. More on Bloomberg. Read the previous post. Hewlett-Packard (NYSE:HPQ) is a Global Compact participant since 2002/08/29.

Billerica, Mass. Company to Pay $2.6+ Million for Alleged Pesticide Violations

noreply@blogger.com (Simon) — Tue, 20 Aug 2013 05:05:00 +0000

EMD Millipore Corporation, of Billerica, Mass., has agreed to pay $2,681,500 in civil penalties to settle EPA allegations that it violated the federal pesticide law and regulations on numerous instances over many years. More on the EPA website. EMD Millipore Corporation is a subsidiary of Merck KGaA (MRCG.DE)(MRK:Xetra), a Global Compact participant since 2005/07/01. Merck KgAA was a 2013 Contributor to the Foundation for the Global Compact.

Novartis dragged into China bribery scandal

noreply@blogger.com (Simon) — Tue, 20 Aug 2013 04:36:00 +0000

Swiss drug maker Novartis has become the third Western pharmaceuticals company to be accused of bribery in China, after a newspaper published allegations against the firm. More on the Telegraph. Novartis is a Global Compact participant since 2000/07/26 and is considered as one of the organization's Founding Fathers. Novartis was a LEAD contributor (USD $65,000 +) to the Foundation of the Global Compact in 2012, and a USD 10,000 contributor in 2010.

China probes France’s Sanofi for bribery

noreply@blogger.com (Simon) — Tue, 20 Aug 2013 04:21:00 +0000

French drugmaker Sanofi has been accused of dishing out almost $280,000 in bribes to Chinese doctors in 2007 in a bid to up its sales. Beijing corruption officials have opened a formal investigation. More on France 24. Sanofi is a Global Compact participant since 2000/07/26, and is considered as one of the organization's Founding Fathers. Sanofi was a USD 15,000 contributor to the Foundation for the Global Compact in 2013, a Gold Contributor (USD 10,000) in 2012 and 2011.

Mich. Officials Step Up Scrutiny of Enbridge After Water Law Violations

noreply@blogger.com (Simon) — Wed, 24 Jul 2013 20:15:00 +0000

Regulators and landowners say Enbridge violated their trust by not reporting a geyser of oily water that had spewed from a damaged pipe into a creek. More on Inside Climate News. Enbridge (ENB:Toronto), (ENB:TSX) has been a Global Compact participant since 2003/12/16. Enbridge was a Gold Contributor (10000 USD) to the Foundation for the Global Compact in 2011, 2012, and 2013.

Peru fines Antamina’s owners US$77,000 for toxic spill

noreply@blogger.com (Simon) — Sat, 06 Jul 2013 07:28:00 +0000

The Peruvian government has fined the owners of the Antamina copper-zinc mine around US$77,000 for a toxic slurry spill last year that affected the health of dozens of villagers, according to reports by Associated Press. The country’s environment minister Manuel Pulgar-Vidal told the news agency that the Antamina consortium, which comprises BHP Billiton, Glencore Xstrata plc, Teck Resources Ltd and Mitsubishi Corp, has been fined 207,200 soles (US$77,000) for the spill, which occurred on July 25 last year when a burst pipeline leaked copper concentrate at a pumping station in the Ancash region. More on Mining, People and the Environment. All four companies BHP Billiton, Glencore Xstrata plc, Teck Resources Ltd and Mitsubishi Corp are Global Compact participants. The combined contributions to the Foundation for the Global Compact were in the amount of 85000 USD in 2012.

ISS Strike Breaking Tactics in UK to be raised in European Parliament

noreply@blogger.com (Simon) — Sat, 06 Jul 2013 06:48:00 +0000

ISS accussed of using strike breaking tactics that `breech fundamental principles of social partnership. On 20th June over 250 members of the UNI UK affiliate unions Unite and the GMB took strike action during their dispute over wage negotiations. After rejecting a miserly 2p an hour wage offer from the ISS UK management the unions sought to engage the company in arbitration talks. The 2 unions claim that this is a breach of the Company`s European Agreements to respect trade union rights. More on UNI Global Union. ISS A/S is a Global Compact participant since 2001/07/26.

China Probes U.K. Pharmaceutical Firm GlaxoSmithKline After Corruption Claims Aired

noreply@blogger.com (Simon) — Tue, 02 Jul 2013 12:20:00 +0000

Police in China have reportedly detained an unknown number of employees for U.K. pharmaceutical giant GlaxoSmithKline amid allegations of improper payments made to health officials. More on Forbes. GlaxoSmithKline (GSK:LN), (GSK:London) is a Global Compact participant since 2007/08/10.