February 2012

Contact Paul Wenman (Oxford), James Pearson (Hong Kong)   Remove from mailing list      China Watch info sourced from www.csrchina.net

 

 

 

 ESG Update

 www.investassure.net

InvestAssure monitors the web for incidents and allegations of unethical corporate behaviour and poor environmental, health and safety performance in emerging economies. Our monthly Update provides insights into events and trends for investors and supply chain managers.

Key manufacturing sub-sectors were electronics and IT (19%), chemicals and plastics (17%), metals (14%) and food & beverage (10%)

 

 

 Which sectors are in the news in Asia?

 January Sample* ESG Alerts from Asia

210 risk alerts in Nov-Jan related to the following business sectors.

Pan Pacific Copper, Japan—fire shuts down smelter

Dongguan Chuangying Toy Factory, China— wages unpaid

Machino Plastics, India—fire kills two

Yonglong Food, China—fake peanut oil

Xstrata, Philippines—environmental permit denied

Jet Fair, China—sweatshop conditions found

Riau Andalan, Indonesia—logging concession disputed

Hyundai, South Korea—employee sets fire to himself

DVC Bokaro Power PLant, India—corruption investigated

 

* Full InvestAssure reports provide more detailed alert descriptions

In January we recorded 10 fatalities in 6 incidents in China, India and Indonesia—in mining, chemicals, plastics and iron & steel sectors.

30% of January alerts related to the environment, vs a long-term average of 25%. Industrial hazards were involved in 20% of alerts, vs a long-term average of 5%.

January total risk alerts 56

InvestAssure universe 1.5%

Recommendations:

·   engagement 7

·   urgent action 7

Nov-Jan total risk alerts 210

 Ethical Markets — January

 ESG Risk Alerts