Monetary effect of ‘naming and shaming’ campaigns on multinational companies revealed by a study

first_imgTo address this lack of accountability, “[civil] society groups’ main strategy is to name the mining companies linked with the event.” They then spread this information using “the global news media to make the general public and the financial markets aware of the human rights abuses.” CW: Violence. “[Suits] against multinationals for human rights abuses are exceedingly rare”. Of the 354 assassination events recorded over the last 20 years by the study, the majority took place in the Philippines, Peru, and Colombia. The majority of companies associated are headquartered in Canada, the United Kingdom, and the United States. A study conducted in part by Oxford economics professor Nathaniel Lane has analysed alternative frameworks of accountability for multinational companies, rooted in civil society. These include ‘naming and shaming’ campaigns by human rights organisations as well as media coverage associating an event and a company. The case study used looks at the effect of reporting the assassination of environmental activists in association with mining companies in terms of the change in the stock price of the company.center_img The study found that “assassinations events lead to negative abnormal returns for firms associated with violence.” In the 10 days following a reported assasination event, the study calculated a media loss in market capitalization of over 100 USD. The effect was larger on the 5th to 10th days, attributed to the time needed for “market participants … [to] gather additional information” and estimate the monetary “[price]” of a tarnished reputation and legal damages. The recorded effects were also larger on days with “low media pressure”, in which there were fewer other large “newsworthy events”. The study acknowledges that the reactions are more strategically then morally motivated, writing that, in the past, hedge funds have “not shied away from investing in companies associated with regimes responsible for severe human right violations”. The study hopes to use its results as a foundation for further research on the role of “civil society in governing transnational corporate activities at the global periphery.”last_img read more

Keeping it local

first_imgA Ginsters pasty or slice, displayed in the chiller cabinet of a petrol station, may not immediately conjure up thoughts of the Cornish countryside carrots and potatoes plucked fresh from the soil or local cheese producers but perhaps it should.The West Country firm started making handmade pasties in a small bakery back in 1969, and although it’s now one of the best-known producers of convenience pastry products, it has kept the values of good quality and local ingredients close to its heart.The business grew in the early 1970s and joined Samworth Brothers, which is made up of 14 businesses, in 1977. However, Ginsters says its values, which run through the whole of Samworth’s empire, are pivotal to what it does. It is big on family values and is keen to keep people in the business, with nearly all its staff permanent employees. It employs around 700 staff in total, around 500 of whom work at the Callington site.Product qualityBrand communications manager Larry File says Ginsters aims to ensure the quality of the products is preserved throughout the production process. “We have significantly built up our local sourcing over the past five to six years,” he explains, and the firm is set to purchase a record £12m-worth of fresh ingredients from local farms this year. “We even grow wheat in Cornwall to produce our own flour. Currently around 20% of the flour is milled from Cornish wheat and it’s something we’re looking to expand.” The weather may have caused problems in the past, but the firm has dispelled the myth that it is impossible to grow wheat in that part of the country.File says the business has worked hard with local suppliers to grow the amount of produce sourced locally as the business has increased in size. Issues such as a lack of pig farmers in the West Country have meant the firm cannot source as much local pork as it would like, but 70% of its beef is from Cornwall. It sources many of its vegetables, including potato, swede and onions, from Hay Farms, Torpoint, only 15 miles from the bakery. Bocaddon Farm supplies it with soft cheese, and the Davidstow Creamery is its source for Davidstow cheddar. Meanwhile, Jaspers of Treburley, only six miles down the road, supplies the majority of its beef.Ginsters has also worked closely with local agricultural college Duchy, to look at what type of potato will grow best in the area.In addition to a continued focus on ingredients, the firm has also been increasing the automation at its Lynher bakery in Callington thereby decreasing non value-added labour. The site produces over 3.5m units per week. However, head of brand mar-keting Andy Valentine says the bakery does have the capacity to produce up to 4m a record it expects to hit in the coming weeks. It has invested over £20m in automation in recent years, in order to lower the cost of production, including the recently completed commissioning of a Schubert pick-and-place machine a £1.2m investment. “We recently replaced one of our travelling ovens and will look to replace the other two in the near future, as we know now that we could get improved efficiency,” explains William Wakeham, process development manager, adding that, when he visits trade shows, he is always looking at what the next big thing in ovens will be.Wakeham says the firm is not tied to an A-list of suppliers, which gives it more flexibility. One of the many benefits of dealing with local suppliers, he says, is it that stock isn’t held for a long time. It has about 24/36 hours meat supply at any one time, and the only ingredient it freezes are herbs and spices.A £250m brandThe pie and savoury snacks category is valued at £1.06bn and is growing at 2.2% according to the latest figures from Nielsen (52 weeks to 20 March 2010). Ginsters is the largest brand in that category, with a market share of 11%, and the retail value of the brand is worth approximately £250m.Customer marketing controller David Bacon says the category may be steeped in heritage, but is driven by convenience. “Recently it has been the slices that have been driving the market,” he says. “Pasties, hot pies, pork pies and sausage rolls are also driving growth, but quiche sales are in decline.”Ginsters has initiated a full strategy review, which is still under way. The initial findings have identified trends that have affected the category: for example ’eating in is the new going out’; online retailing; and the growth of the elderly population. Bacon says that retailers are preferring to opt for, say, £1 individual pies, rather than deals on larger pies, “which has really ripped the bottom out of the ’planned meal’ occasion” for example quiches or large box pies.The research has prompted the firm to invest in NPD in the snacking and sharing category, which research established was the biggest occasion, with a range of new products launched last month in time for the summer (see British Baker, 7 May, pg 8). These include snack-sized two-packs of mini Ploughmans pork pies, sausage rolls and its original Cornish pasties and a new Sweet Chilli bar, a new Meat Feast Slice, a Fiery Cheese wrap and a BBQ Beef wrap. It has also made recipe improvements to its Southern Style Chicken wrap.Valentine says that, when it comes to making the snacking occasion work at the fixture, implementing it correctly is key. “There exist some real challenges that need to be overcome. For example, the category needs to work out how to shout about the good things, such as local ingredients and no nasties,” he explains.Although Ginsters claims to have been the first business in the industry to sign up to the GreenPalm initiative, Valentine says it’s not something it actively promotes to consumers. However, when the time comes that it’s possible to manufacture all Ginsters products with sustainably produced palm oil, then that will be something the company will definitely want to shout about, he says.Marketing vision’Properly filling the nation with real honest food’ is Ginsters’ long-term brand vision, says File, who explains the firm will be developing its 2008/09 message of local ingredients this year and its recently relaunched website now highlights this message. It will also be rolling out the British flag more on front-of-pack, says Valentine.Despite the fact that products such as Cornish pasties and sausage rolls are often referred to as ’trad fare’, Valentine says he doesn’t want Ginsters’ products to be pigeon-holed as that, explaining that the company’s new product development is much more forward-looking than that reference suggests.last_img read more

Hybrid & Alt Vehicle Showcase at SEAS on 2/15

first_img Read Full Story As part of the Harvard College General Education course Science of the Physical Universe 24: “Introduction to Technology & Society,” students and members of the Harvard community are invited to check out market ready alternative vehicle technologies in automobiles that are presently being sold.Day & Time: Wed, Feb. 15, 1-2:30 p.m.Location: In front of Maxwell Dworkin (33 Oxford Street)Cars on display will include the Chevy Volt, Nissan Leaf, and Ford Fusion Hybrid.Representatives will be there to answer any questions.last_img read more

College of Science assistant dean dies unexpectedly at age 61

first_imgAssistant dean for faculty affairs and special projects in the College of Science Clarence “Earl” Carter died in his home Thursday, Notre Dame announced in a press release Monday. He was 61.Carter was hired in 2011 as a professor of naval science and commanding officer for the Naval Reserve Officer Training Corps Unit after a career in the United States Navy.“During his 32-year naval career, Carter was a submariner whose career highlights included serving as commanding officer of the nuclear-powered submarine USS Scranton, leading its crew on the first mission to the North Pole by a Los Angeles Class submarine, and later serving as commander of Submarine Squadron Eight, comprising 10 fast-attack submarines and their crews,” the press release said. He then became an assistant dean in 2013, where he assisted with the college’s strategic planning and coordinated special events.From 2013 to 2015 Carter served as the interim managing director for the Notre Dame Haiti Program — an organization working toward eliminating lymphatic filariasis, a leading cause of disability in the world.Mary Galvin, the William K. Warren Foundation Dean of the College of Science, said in the press release that Carter was known for his faith, kindness and generosity.“His compassion was evident through his interactions with faculty, staff and students, and he had a way of listening and advising that solved many problems and healed wounds,” Galvin said. Carter is survived by his wife Lea, his two daughters Alora and Ciera, his son Joseph and his sister Kathryn Carter.Tags: College of Science, Notre Dame Haiti Program, Reserve Officer Training Corps, United States Navylast_img read more

Matt Farcher on the ‘Crazy Fun’ of Spoofing the ’70s in the Off-Broadway Musical Disaster!

first_img Hooked on a Feeling: In the nutty musical mashup that is Disaster!, Farcher and Haven Burton play a dewy-eyed couple caught the middle of mayhem, singing ’70s hits like “Hooked on a Feeling,” “Baby Hold on to Me” and the immortal “Alone Again, Naturally.” After catching up on classic disaster movies, “I watched Airplane and Cheyenne Jackson in 30 Rock to get a feel for this type of comedy,” he explains. The biggest challenge? Keeping a straight face in scenes with Mary Testa, Jennifer Simard and Seth Rudetsky. “It’s like doing SNL every night,” Farcher says, “and we have just as much crazy fun offstage, singing backup and doing stupid dances.” Going forward, “Broadway would be amazing,” the young actor admits, “but I take things one step at a time. I have a pretty cool job right now.” Small-Town Boy: Head 100 miles up the Hudson River from Manhattan, and you’ll hit the leafy village of Saugerties, where Matt Farcher’s parents own the breakfast shop Lox of Bagels. A talented athlete, young Matt dreamed of attending college on a baseball scholarship, but changed his mind after wowing the crowd with his rendition of “Bring Him Home” in a high school production of Les Miserables. “Singing came naturally, so I made a gut decision to apply to musical theater programs,” he recalls. Accepted at Pace University, he learned how to audition and navigate life in New York while earning a BFA at “a great place that’s not cookie-cutter,” he says. “I made a nice, eclectic group of friends.” View Comments Disaster! Age & Hometown: 23; Saugerties, NY Current Role: A sweet and funny off-Broadway debut as Chad, romantic leading man and expert interpreter of 1970s pop hits, in the musical parody Disaster! Don’t Bring Him Down: By graduation, Farcher had been cast as Gaston in a tour of Beauty and the Beast, but his fast rise had a potentially serious hiccup when he was stricken with a life-threatening auto-immune illness. Luckily, the disease was correctly diagnosed on a tour stop in Houston, and after a month in the hospital, he returned home to recover. “Everything is fine now,” Farcher says. “I got really lucky.” Good thing, since he soon headed to Arkansas Rep to play bad boy Dick in a musical version of Treasure Island, followed by a summer stint in Maine as Curly in Oklahoma! “I loved being a cowboy with the hat and the guns and the chaps,” he says with a laugh. Next stop: off-Broadway. Related Shows Show Closed This production ended its run on April 11, 2014last_img read more

Slowing electricity demand, renewable competition undercutting coal in India

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:A sharp plunge in India’s electricity demand in October has been matched by falling coal imports, but weakness in vehicle sales and fuel demand hasn’t yet showed up in crude oil imports. Power demand in Asia’s third-largest economy slumped 13.2% in October from a year earlier, the steepest monthly decline in more than 12 years, according to government data.Coal imports fell to 14.7 million tonnes in October, the lowest since January and the third straight month of declines, according to vessel-tracking and port data compiled by Refinitiv Imports were also down 16.9% from the 17.7 million tonnes recorded in October last year, a further sign that India’s coal demand is softening in the face of slower economic growth.It’s also not the case that imports are being replaced by higher domestic output. In fact, the opposite is happening, with state-owned Coal India well behind its production target so far this fiscal year. The world’s largest coal mining company did manage to increase output in October from September’s six-year low, but the 39.35 million tonnes produced was still down 20.9% from the same month last year, according to data on the company’s website. In the first seven months of the fiscal year that started in April, Coal India has produced 280.36 million tonnes, down 8.5% from the same period last year.The weakness in both coal imports and domestic coal output is not only a reflection of slowing industrial power demand, but also of how renewable energy is making increasing inroads into India’s generation mix.India’s thermal coal use over the seven months to end-October was steady on a year earlier, compared with average annual growth of 6.3% over the past 12 years, the Institute for Energy Economics and Financial Analysis (IEEFA) said in a report released earlier this month. And coal generation actually fell by 12,500 gigawatt hours (GWh) in the first seven months of the fiscal year, compared with the same period last year, IEEFA said. In the meantime, generation from all non-coal sources, which include solar, hydro, wind and natural gas, rose by 24,000 GWh, or 8.4%, over the same period, the report said.Given that renewables are increasingly cost competitive against existing coal-fired generation, it’s likely that India’s electricity growth will continue to be dominated by solar and wind.More: India’s economic woes hit coal imports, but crude oil soldiers on for now: Russell Slowing electricity demand, renewable competition undercutting coal in Indialast_img read more

Tasikmalaya authorities urged to revoke discriminatory decree against Ahmadiyah

first_imgRights group Amnesty International Indonesia has urged the Tasikmalaya administration in West Java to revoke its latest decree preventing a congregation of the minority Muslim group Ahmadiyah from holding prayers and renovating their mosque on the grounds that the policy is discriminatory and counter to basic human rights.“The decision to block the community from using their mosque was made on discriminatory grounds and without any consultation. It’s just the last example of the authorities in Indonesia targeting Ahmadis purely for their religious beliefs,” Amnesty International Indonesia executive director Usman Hamid said in a statement on Tuesday.“This local decree should be withdrawn immediately and the community allowed to worship in their mosque as they please.” Local authorities in the regency, including Tasikmalaya regent Ade Sugianto, signed the joint decree on Jan. 27. The representatives of the local Ahmadiyah group had only received the copy of the decree last Saturday.Usman criticized the authorities’ argument that the ban aimed to prevent unrest. He stressed that it was the local administration’s responsibility to keep everyone, including the Ahmadis, safe in practicing their beliefs.“The authorities must stop this culture of discrimination and encourage all people to practice their faith freely,” he added.Read also: Officials halt reconstruction of Ahmadiyah mosqueAhmadiyah congregation chairman Nanang Ahmad Hidayat previously said that the decree consisted of nine key provisions, including one prohibiting members of the group from performing religious activities in public and one banning the renovation of Al-Aqso mosque, located in Cipakat village, Singaparna district, Tasikmalaya.Ahmadiyah groups have long been targets of discrimination and persecution in the country with some local administrations sealing mosques and banning members from performing religious activities over protests from intolerant groups.Topics :last_img read more

Three blasts hit Maiduguri

first_imgThree blasts hit the northeastern Nigerian town of Maiduguri on Saturday in the worst attack on the city since suspected Boko Haram militants failed in a bid to seize the state capital at the end of January. A Reuters witness heard the three explosions, all coming in a period of just over half an hour from about midday in a city of some two million people.Maiduguri is the state capital of Borno, the heartland of the militant Islamist group Boko Haram which has long coveted the city as the capital of an Islamic state they want to carve out of religiously mixed Nigeria.A military source said bombs had caused the explosions, with the first on Baga road near a market and the second at the Monday market. The location of the third blast was not immediately known and there was no word on casualties.“I have counted five ambulances that have evacuated victims from the scene. Soldiers are shooting in the air and warding off people at the market,”‎ Salisu Yaya‎, a member of a civilian task force, told Reuters.last_img read more

Gerrard boosts value of his personal firm to £7m

first_img Loading… The accounts show he has invested more than in £280,000 in launching his own brand of bottled water called Angel Revive. He has previously plugged the product on his Instagram account and it has been described as “the only naturally alkaline water brand produced in the UK”. The Gers boss has his own clothing brand called SSG Apparel and has also used his social media accounts to endorse a number of products including scented candles. The Steven Gerrard Foundation was set up in 2011 to provide additional funding for a range of children’s charitable organisations and projects. Gerrard was appointed Rangers manager in June, 2018, and his side currently sit two points off the top of the Scottish Premiership with a game in hand after beating Celtic 2-1 on December 29. Read Also:Ovie  Ejaria  hasty in Liverpool return says Steven Gerrard Last month he signed a two-year extension to his contract which will keep him at the club until the summer of 2024. FacebookTwitterWhatsAppEmail分享 The Liverpool legend set up Steven Gerrard Promotions during his playing career to channel his off field income from the likes of sponsorship deals. Accounts filed at Companies House for the 39-year-old’s firm show its has net assets of £6,963,562. That includes an investment portfolio worth £6m, cash held in a bank account and money owed to it by debtors. The company made a profit of more than £500,000 for the year up to March 31, 2019 and its value increased by more than £113,000 on the previous year’s figure. Gerrard is secretary and co-director of the company along with his brother Paul.Advertisement Rangers manager, Steven Gerrard’s boosted the value of his personal company to £7million last year. Promoted ContentBest & Worst Celebrity Endorsed Games Ever Made10 Hyper-Realistic 3D Street Art By Odeith8 Fascinating Facts About CoffeeTop Tastiest Foods From All Over The World7 Of The Wealthiest Universities In The WorldMesmerizing Pictures Of World’s Most Beautiful StaircasesThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreCouples Who Celebrated Their Union In A Unique, Unforgettable WayMind-Bending Technology That Was Predicted Before It Appeared7 Mind-Boggling Facts About Black Holes7 Famous And Incredibly Unique Places In Thailand10 Awesome TV Series That Got Cancelled Way Too Soonlast_img read more

Koeman rejoices as Saints march on

first_imgRonald Koeman told Southampton to “take a picture” of the Barclays Premier League table after Graziano Pelle volleyed “one of the goals of the season” to see off QPR. Press Association Pelle’s acrobatic volley separated the teams on Saturday, the Italian pouncing just moments after Charlie Austin had levelled with an impressive finish for QPR. Koeman believes there will be few more spectacular Premier League strikes this term than the improvised winner. “It was a great finish – it will be one of the goals of the season,” he said. “And still it’s more important because it made it 2-1. “I’m happy about his performance from the start of the season, because he has showed his quality and personality. “He will always keep the ball for the team. “And that’s important for the team in how we play. “And if you can score like this, you can’t do it better.” Rangers boss Redknapp shook off taunts from Southampton fans on his south coast return, owing to his defection from Saints to Portsmouth in 2005. The ex-Tottenham boss was impressed by Austin’s second league goal of the campaign, but admitted his side must sharpen up further in their bid for top-flight stability. Brazil star Sandro returned after knee trouble only to depart in the opening exchanges due to a heavy blow to the head. Redknapp allayed fears about any lasting damage, admitting the medics had to remove the holding midfielder as a precaution. “It was a great finish, he’s proved again he can score at this level and that’s important and encouraging,” said Redknapp. “We didn’t play too badly at all to be honest, but we can still keep improving and we’ve got to make that progress. “We were sorry to lose Sandro so early in the game, after a matter of minutes. “We kept going, kept working, lots to work on and we can keep going. “He got a bang on the head and the doctor was worried about it. “He didn’t look too bad at half-time, but obviously the doctors have got to err on the side of caution. “There have been plenty of new directives on head injuries and we just couldn’t take any risks at all.” Saints boss Koeman heaped praise on Pelle’s scissor-kick winner as Saints edged out Harry Redknapp’s side 2-1 at St Mary’s, conceding his surprise at his side’s impressive start to the campaign. Southampton held on to second place thanks to strikes from Pelle and loan man Ryan Bertrand that secured their fourth straight win. Koeman admitted Southampton have exceeded his pre-season expectations, shaking off Mauricio Pochettino’s exit and a raft of player departures. “I’m a little bit (surprised) by our start yes, because always you have to wait after a lot of changes in the team,” said Koeman. “But we had a good pre-season, we had some difficult moments in the club, a lot of people, even the press was a little bit afraid, with questions about relegation. “But we know what our qualities are, and little by little we have shown them. “I’m satisfied with how we’re playing. Now we can watch the table tonight and take a picture. “Then we start again on Tuesday.” Koeman will now hand his Southampton players two days’ rest ahead of next weekend’s league clash with Tottenham. Southampton’s players turned down a day off on Wednesday in a bid to seize on the good feeling fostered by Tuesday’s Capital One Cup victory at Arsenal. last_img read more