Opinion: Companies will regret not co-operating with Canada’s watchdog for corporate abuses

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

The likes of Diesel, Hugo Boss and Walmart’s lack of co-operation with Canada’s new Ombudsperson for Responsible Enterprise is surprising

), the country’s watchdog for corporate abuses outside Canada, has had a busy summer. On Aug. 24, it published initial assessment reports on three companies: Diesel Canada Inc., Hugo Boss Canada Inc. and Walmart Canada Corp. These are in addition to the first four reports it published, earlier this summer, on five other companies.

The one company that fully co-operated, GobiMin Inc., will be subject to no further investigation. Instead, it has been issued with a set of recommendations about implementing human-rights due diligence. People and organizations can file complaints with CORE about possible human-rights abuses arising from the operations of Canadian garment, mining, and oil and gas companies outside of Canada. CORE’s remit extends to Canadian-registered subsidiaries of foreign companies.

A negative report by the ombudsperson will likely cause significant reputational damage to the company in question. It will be interesting to see how third parties, notably investors, react to the first full CORE reports.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 Alberta companies face OHS charges related to 2021 workplace death in Grande PrairieThree Alberta companies have been charged under Occupational Health and Safety legislation related to a workplace death in Grande Prairie on November 22, 2021.
Source: CBCCalgary - 🏆 78. / 51 Read more »

Energy companies dominate TSX's list of top 30 stocks over past 3 yearsShares of the 30 companies have surged more than six times on average over the past three years after adjusting for dividends and together added over $120 billion in market value, according to TSX. Of those, 20 were energy firms with Paramount Resources and NuVista Energy topping the list with their 1,913% and 1,279% surge. Energy stocks closely track oil prices, which have surged more than 84% since the end of 2020 fuelled by a recovery in demand as economies opened up after COVID-19 lockdowns, supply constraints due to the Russia-Ukraine conflict and production curbs by OPEC+.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Energy companies dominate TSX's list of top 30 stocks over past 3 years(Reuters) - Energy companies including Paramount Resources and NuVista dominated the list of 30 best performing Canadian stocks over the past three ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Energy companies dominate TSX's list of top 30 stocks over past 3 yearsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,223.08, up 40.32 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Down 48 cents, or 20.87 per cent, to $1.82 on 31.5 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up four cents, or 3.20 per cent, to $1.29 on 22.3 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.71, or 1.99 per cent, to $87.77 on 16.6 million shares. Suncor Energy Inc. (TSX
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,223.08, up 40.32 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Down 48 cents, or 20.87 per cent, to $1.82 on 31.
Source: SooToday - 🏆 8. / 85 Read more »