NGOs point the finger at multinationals for foreign abuses

A report by two NGOs has drawn up a list of all the rights and environmental abuses committed by Swiss multinationals abroad over the past five years – on average, one every month. The analysis was published on Wednesday by the organisations Bread for All and Action de Carême, which collated all cases of violations documented by media or NGOs from 2012 to 2017. The 64 violations of human or environmental norms were committed by 32 businesses across 14 different sectors, the groups said in a press statement (in French), with companies in the commodities sector performing worst, followed by the banking and food industries. Five companies – Glencore, Nestlé, LafargeHolcim, Syngenta, and Credit Suisse – account for half of all cases, with Glencore alone responsible for 11. Just over one-fifth of the incidents involved environmental pollution, the NGOs said, while the next most common type of infraction was flouting norms related to working conditions and security. Yvan ...

More Headlines

Follow worldbiztoday on Twitter

US Stocks