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Article

16 Nov 2009

Author:
F&C Investments, REO report

[PDF] Focus on Human Rights: Doing Business in Difficult Countries (scroll to pg. 14)

The world’s appetite for raw materials continues to outstrip the ability of developed markets to supply them – with the inevitable consequence that the most attractive growth opportunities...lie within the control of some of the world’s most unsavoury regimes. Countries such as Sudan, Myanmar (Burma) and the Democratic Republic of Congo (DRC) hold valuable resources, but suffer from conflict, authoritarian governments, weak rule of law and systematic human rights abuses...As expectations of good corporate behaviour evolve, companies today are increasingly under pressure not only to refrain from being “complicit” in the bad behaviour of host governments, but to be pro-active in being a “force for good”...[Refers to Total, Chevron, Unocal, China National Petroleum Corporation (CNPC)/PetroChina, Sinopec, Petronas, ONGC]