Tuesday, 18 October 2011

Ford, VW and Toyota: Ethical Business and Human Rights Practices

I posted on ethical investing earlier this week. Yesterday, AOL Autos revealed that Ford, VW and Toyota have been singled out by Calvert Investments - a company known for its focus on sustainable and responsible investments- for praise in its latest recognition for automakers with exceptional environmental, social and governance (ESG) practice.

"What was the criteria for choosing these three automakers? Calvert took into consideration seven environmental, social and corporate governance (ESG) criteria: workplace practices; human rights; Indigenous Peoples' rights; governance and ethics; product quality and safety; community relations; and environment.

Among the things the study looked at: fuel economy of a company's whole showroom; development of electric vehicles, hybrids and clean diesel; supporting efforts to mine minerals and precious metals required for auto production in sustainable ways and in countries that have good human rights records; workplace safety and working conditions.

Ford was singled out for exemplary human rights/workplace practices and was ranked number one in the world for all industries in Human Rights on Corporate Responsibility Officer Magazine's 2010 and 2011 "Best 100 Corporate Citizens List."

Volkswagen was praised for the best product safety practices. Toyota has the top environmental track record. "Throughout the global recession, we never lost sight of the environmental and social goals that are key elements of our business strategy," said Dave Berdish, sustainability manager at Ford."
Read the Article at: http://autos.aol.com/article/ford-vw-and-toyota-singled-out-for-ethical-business/

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