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Facing Finance report

Author: Facing Finance, Published on: 6 April 2016

"Dirty Profits 4: Report on Companies and Financial Institutions Benefitting from Violations of Human Rights," 16 Feb 2016

…[T]he Dirty Profits Report is born of the conviction that financial institutions (FIs) and corporations have a responsibility to respect human and environmental rights. This report is…focusing on 20 controversial globally active corporations and…commercial banks and asset management companies in Germany and internally, as selected by Facing Finance…Dirty Profits exposes the financial relations between these selected major…institutions…and multinational companies, across various sectors, that have consistently violated environmental and human rights standards…The report provides critical analysis of voluntary commitments made by corporations and FIs. It becomes apparent that despite making these commitments, organisations continue to violate even the most basic and most important standards. Given the fact that largely corporations are not held to account for violating these principles, the call for necessary regulations becomes urgent…There must be clear regulatory oversight of how FIs address human rights and environmental issues in all business relationships…[Also refers to Airbus, Allianz, Alstom, Anglo American, Audi, BHP Billiton, BMW, China Gold International Resources, Coca-Cola, Daewoo International, Deutsche Bank, EADS, ExxonMobil, Grupo México, HeidelbergCement, HSBC, Inditex, Lockheed Martin, Motorola, Nestlé, Pfizer, Posco, Rheinmetall, Rolls-Royce plc, Samarco, Sanofi, Syngenta, Total, Vale, Vanguard, Verizon, Volkswagen, and Zara.]

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Related companies: Airbus Allianz Alstom Anglo American Audi (part of Volkswagen) BHP Billiton BMW China Gold International Resources Coca-Cola Daewoo International (part of Posco) Deutsche Bank EADS (European Aeronautic Defence and Space) ExxonMobil Grupo México HeidelbergCement HSBC Inditex Lockheed Martin Motorola Nestlé Pfizer Posco Rheinmetall Rolls-Royce plc Samarco (joint venture BHP Billiton and Vale) Sanofi Syngenta Total Vale Vanguard Verizon Volkswagen Zara (part of Inditex)