In light of a series of suicides at the Foxconn Electronics facility in China, a broad coalition of over 40 European, Australian and U.S. investors have joined their voices to issue a public statement condemning abusive workplace conditions in the global electronics supply chain. Worker abuses such as excessive overtime and supervisor harassment which are endemic in the electronics manufacturing sector have been cited by non-governmental organizations as contributing to excessive stress and grave mental health issues among factory workers. In issuing this statement, the group, led by Boston Common Asset Management, LLC, Trillium Asset Management Corporation, As You Sow and Domini Social Investments LLC, all members of the Interfaith Center on Corporate Responsibility, sends a strong message to the electronics manufacturers in their portfolios urging stricter supply chain compliance. 'We believe this is a wake-up call for the electronic industry to intensify its efforts to improve working conditions and the quality of life for workers producing their products. We urge companies, suppliers, governments and investors to focus on building more sustainable supply chains that mitigate risks while building safe and harmonious workplaces' said Steven Heim, Managing Director and Director of ESG Research and Shareholder Advocacy at Boston Common Asset Management. The statement, with 45 investor signatories, urges the consumer electronics companies in their portfolios such as Apple, Dell, and Hewlett-Packard who are leaders in their industry to redouble efforts to strictly monitor the practices of their suppliers to insure safer, less stressful workplace conditions and to promote worker rights. The Electronics Industry Citizenship Coalition (EICC), a 40-member organization including most global electronics companies, works to enforce supply chain compliance and has developed a code of conduct regarding specific labor and health and safety practices that has been widely adopted by the industry. The investor group supports this industry initiative but believes the EICC needs to go further in promoting worker rights and in demanding full disclosure on supply chain practices. 'As members of the Interfaith Center on Corporate Responsibility (ICCR) we have been pressing for greater supply chain accountability in this sector and other sectors for over 15 years,' said Rev. David Schilling, Director of Human Rights at the ICCR, a 275-member coalition of faith-based and institutional investors engaged in shareholder advocacy. 'It is important from a human as well as a financial perspective to implement systemic solutions to address the challenges facing workers in complex global supply chains.' Jonas Kron, VP, Trillium Asset Management said, 'In addition to the human rights implications, we are deeply concerned as institutional investors about the material impact that events like the recent suicides at Foxconn may have on our portfolios. Regardless of where manufacturing is located, companies, investors and governments need to consider the long-term impact of these issues and not focus just on short-term responses.' 'The Foxconn suicides are the latest reverberations of an alarm that has been ringing for many years now. The foundation of our global manufacturing system is not sustainable. Without strong investor support for meaningful change on the factory floor, we will continue to drift from crisis to crisis' said Adam Kanzer, Managing Director and General Counsel for Domini Social Investments. The group specifically supports efforts which include offering training on worker's rights, limits on overtime, training for line supervisors and managers to eliminate harassment and other forms of abuse and supporting worker’s rights to union representation and collective bargaining. 'Failing to provide a decent living wage and safe working conditions is unacceptable for any company in any sector. Consumers understand this. There exists a clear financial opportunity for companies that take a lead, and considerable risks for those who do not,' said Neil Brown, SRI Fund Manager, Aviva Investors. For the full text of the statement go to: http://www.bostoncommonasset.com/news/documents/InvestorStatementonWorkingConditionsJuly212010.pdf http://www.iccr.org/news/press_releases/072110InvestorStatementonWorkingConditions.pdf
International investor coalition urgently calls for improved working conditions in electronics manufacturing facilities
Shallots in Indonesia: Searching for suitable cropland
Shallots, an onion variety, is the second major horticultural crop after hot peppers in Indonesia. But Indonesia is not self-sufficient in shallot production resulting in imports from countries like India, Thailand, and Vietnam. The Government of Indonesia aims to increase the shallot production to meet the increasing domestic demand and to reduce imports. True shallot seed system Due to the use of inferior planting material yields are much lower than potential. An alternative system is based on true shallot...
12th IFLEXX Meeting: German petroleum industry discusses the future of electronic data exchange
On Monday, representatives of the major players in the German petroleum industry convened at Implico’s headquarters in Hamburg for the twelfth meeting of the IFLEXX Community. IFLEXX (International FiLe Exchange XML) is an independent standard for data communications in the petroleum industry that Implico has been developing and promoting over the last ten years with leading companies in the downstream sector.In today’s market, no oil or gas company is entirely self-sufficient: many store their...
Argus FMB East Europe Fertilizer 2016: Early Bird Discount Ends 8 April
Argus FMB East Europe Fertilizer 2016is taking place on15-17 June, offers you the chance to join the only conference focused on fertilizer trade in East Europe. Register before8 Apriland save €150. This conference brings together fertilizer manufacturers and distributors from all over this important region with global raw material and added value ingredient producers.So if you want to find new opportunities in this changing market, you will get both the market intelligence and the contacts you need atArgus...
90 Watt Traditional LED Canopy Light Released by Larson Electronics
Leading manufacturer and supplier of explosion proof lighting equipment Larson Electronics has announced the release of a 90 watt LED canopy light that is used to replace traditional 400 watt metal halide light fixtures. The LEDHCL-900 traditional LED canopy light from Larson Electronics offers high light output from a compact form factor and is designed to provide a more durable and long lived alternative to halogen and metal halide units. This 90 watt LED light is designed to replace 400 watt metal halide wall...
Larson Electronics releases 2400 watt High Intensity LED Skid Mount Five Stage Light Plant
Larson Electronics has announced the release of a 2400 watt skid mount five stage electric light mast that features a rotating boom which allows for 360° of rotation, a removable mast head, and a cube frame with skid pockets with 4-corner pick eyes for easy transportation. The LM-30-8-5S-6X400LTL-LED-EW-SM-RD-10KVAPDS five stage telescoping steel light mast with electric winch from Larson Electronics is designed to quickly and safely deploy 2400 watts of intense LED lighting in locations where elevated...