"Iran Business Responsibility" launches website

Business & Human Rights Resource Centre is working with International Campaign for Human Rights in Iran on the "Iran Business Responsibility" (IBR) project.

Visit the project website launched in June 2017, and explore the articles below for insights on the new investments in Iran.

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Article
10 June 2017

Boeing’s Sale of Up to 60 Commercial Jets to Iran Takes Next Step

Author: Wall Street Journal, Robert Wall

Boeing said Saturday it had moved a step closer to completing a contentious jetliner sale to an Iranian airline, though the U.S. government still needs to give the green light before planes could be delivered.

Boeing said it had signed a final purchase agreement with Iran Aseman Airlines for up to 60 737 Max single-aisle planes, its newest model. The two parties earlier this year announced a memorandum of agreement for the transaction that could be valued at up to $6 billion at list price, though buyers typically get discounts.

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Article
20 June 2017

Total Pledges $1 Billion Investment in Iran Gas Field

Author: Wall Street Journal, Sarah Kent

France’s Total SA said Tuesday it would push forward with a $1 billion investment this summer in a giant Iranian gas field, the first commitment by a Western company to put real money into the Islamic Republic’s re-emerging energy industry.

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Item
21 June 2017

New intl. initiative urges companies investing in Iran to go beyond sanctions compliance, manage risk to workers & environment

Author: Iran Business Responsibility project

Companies Investing in Iran Urged to Manage Risks Beyond Sanctions - New Initiative Launched to Foster Responsible Business in Iran, 21 Jun 2017

...[The] Iran Business Responsibility (IBR) project was launched today.  With billions of dollars’ worth of foreign investment under consideration now that international sanctions have been eased, the new non-profit initiative is aimed at encouraging and guiding companies investing in Iran to implement responsible business standards that will avoid harm to people and the environment... 

Andrea Saldarriaga, Co-Director of the project [said] “...[The] challenges [that companies investing in Iran] will face go well beyond sanctions. Sanctions checks alone will not prepare companies for a death rate from workplace injuries in Iran that is eight times the international average, or severe air pollution and water scarcity that threaten health and business operations”...

IBR offers Online Resources that include informational briefings, videos, case studies and business updates, and a Collaborative Engagement programme...

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Report
21 June 2017

Occupational health & safety in Iran - new briefing for foreign investors

Author: Iran Business Responsibility project

Briefing #3: Occupational health & safety in Iran

Companies entering Iran will find a challenging occupational health and safety (OHS) environment, in which workplace accidents and deaths significantly exceed international and developing country averages. These challenges can be addressed by implementing responsible OHS practices and by putting in place systems to help ensure business partners in Iran do the same... Fatal accidents in Iran occur primarily in the construction industry...and, secondly, in the mining sector...

Why are OHS standards lacking in Iran?...

OHS is further undermined by the lack of insurance for many Iranian workers...

What companies can do...

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Article
31 March 2018

First OECD complaint filed against a European company for its activities in Iran

Author: Gerald Pachoud, Bourse & Bazaar

... On 13 September 2017, three civil society organisations filed a complaint with the Italian Government against Italtel Group S.p.A, a major Italian telecom company regarding its business activities in Iran. The complainants argue that the technologies and services offered by Italtel to its Iranian partner, the Telecommunications Company of Iran (TCI), breach multiple provisions of the OECD Guidelines by contributing to internet censorship and other rights violations in Iran and help the Iranian authorities, including the Islamic Revolutionary Guard Corps, to suppress political dissent and civil liberties in the country and in cyberspace. The complainants are asking the Italian government whether the company’s actions are consistent with the Guidelines and more importantly are calling for an immediate moratorium on current negotiations and business engagements between Italtel and TCI until the alleged breaches to the Guidelines are addressed... The Guidelines provide non-binding principles for responsible business conduct in areas such as employment and industrial relations, human rights, environment, information disclosure, combating bribery, consumer interests, human rights, science and technology, competition and taxation. Their impact has been felt the most extensively in the areas of human rights and labour relations... 

 

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