Development and poverty - an introduction

Below are select introductory materials on business and poverty/development.  Further reports from a wide range of sources are in the "Poverty/Development/Economic & social rights: General" section of our website.

Key reports & guidance

Business and the Millennium Development Goals – A Framework for Action, 2nd edition, Intl. Business Leaders Forum, Dec 2008

Business and the Millennium Development Goals – Your Call to Action [PDF], Oxfam (from “Briefings for Business” series), May 2008

World Investment Report - Transnational Corporations, Extractive Industries and Development [PDF], UN Conference on Trade & Development (UNCTAD), Aug 2007

A Business Guide to Development Actors [PDF], World Business Council for Sustainable Development and Intl. Business Leaders Forum

Concerns, company responses & non-responses

The Resource Centre invites companies to respond to allegations of misconduct.  Below are examples of allegations and company responses regarding poverty and development.  We also indicate when a company has not responded.

Angola: Global Witness report & Financial Times article raise concerns that loan to Angola's state oil company Sonangol will perpetuate corruption & poverty, Oct 2005.  Response by Barclays, Calyon, Deutsche Bank, KBC, Natexis Banques Populaires, Royal Bank of Scotland. Banco Espirito Santo, Commerzbank, Standard Chartered did not respond.

Angola: Report says mining companies' arbitrary seizure & destruction of farmlands causing widespread hunger & deepening poverty, Oct 2008. Endiama, ITM Mining and Lazare Kaplan did not respond.

Chad: Publish What You Pay coalition & Columbia Law School Human Rights Clinic call on ExxonMobil to refuse Chad’s request to pay oil revenues directly to government instead of into escrow account for poverty reduction, Mar 2006. ExxonMobil did not respond.

Ghana: ActionAid report alleges AngloGold Ashanti operations exacerbate poverty, harm health & environment in Obuasi, Oct 2006. AngloGold Ashanti response.

Madagascar: Panos/Friends of the Earth report raises displacement, poverty & environmental concerns regarding Rio Tinto mine, Oct 2007.  Rio Tinto.response.

Peru: Tambogrande mine ignored opposition from local farmers, says Christian Aid report, “Unearthing the truth”, Mar 2006.  Response by Manhattan Minerals.

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24 October 2007

Rio Tinto's Madagascar mining project

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