Companies warned on social reports

Author: James Mackintosh, Financial Times, Published on: 15 January 2008

A group of influential investors has warned 78 listed companies that they are breaching pledges to a United Nations agreement on society and the environment by failing to publish progress reports. The investors, led by Morley Fund Management in the UK, have also praised a smaller group of mostly European companies for “notable” performance under the UN Global Compact…According to the UN database of compliance, 904 companies…have failed to produce the updates required by the scheme. On the UN list of overdue companies are Premier Oil and Standard Chartered…Arcelor Mittal, Caisses d’Epargne, Hermès, Bouygues Telecom…Banco Espirito Santo; the São Paulo, Jakarta and Istanbul stock exchanges…Europcar, Edelman…

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Related companies: ArcelorMittal Banco Espírito Santo Caisse d'Epargne Edelman Hermès Premier Oil Standard Chartered