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12 Aug 2010

Marcy Murnighan, Principal of Transition Group, on Murninghan Post blog [USA]

Pig Iron and Modern Slavery

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The TakeAway: Shareowner Activism Can Help Deter Human Rights Violations...[A] landmark agreement released on 4 August 2010...commits Nucor, one of the biggest steel companies in the US, to a transparent process of combating slavery in supply chains.... Nucor agreed to monitor the Brazilian government’s “dirty list” of employers found to use forced labor, and require its direct suppliers to certify that slavery was not involved. Nucor also will require its top-tier Brazilian pig-iron suppliers to either join the Citizens Charcoal Institute (ICC), a regional industry monitoring group, or sign and adhere to the National Pact for the Eradication of Slave Labor.