The Centre for Research on Multinational Corporations (SOMO) is an independent, not-for-profit research and network organisation
working on social, ecological and economic issues related to sustainable
development. Since 1973, the organisation investigates multinational
corporations and the consequences of their activities for people and the
environment around the world. More...
SOMO's Chinese partner SRI researched the Chinese production of tomatoes and their subsequent processing into paste for ketchup.
A law proposed by the European Commission on responsible sourcing of minerals is not strong enough to prevent European companies’ mineral purchases from financing conflict or human rights abuses, and falls far short of expectations, campaigners said today. Instead of putting forward robust legislation that would require a wide range of EU-based companies to do checks on their supply chains – known as due diligence – the Commission today announced voluntary measures that will only apply to companies importing processed and unprocessed minerals into the European market.
Multinationals often do everything they can to dodge taxes. Every year, developing countries miss out on billions of tax revenue because of, among other things, the beneficial tax routes that flow to the Netherlands. The UN is now investigating what impact fiscal systems have on human rights, in particular the human rights of people in poor countries. In times of crisis and retrenchment, the call for action against tax avoidance is becoming louder and louder. What is the latest news? And what is there to be expected?
The United States and the European Union are currently negotiating a Transatlantic Trade and Investment Partnership (TTIP), which includes far-reaching market liberalisation and deregulation provisions. The negotiations are not only on trade and investments, but will have a direct impact on European legislation and regulations. Much is at stake: what and how consumers can buy, which companies make profits or losses, what kind of employment will stay, food safety and environment regulations. Investors will be able to submit claims worth millions against government measures. SOMO’s work on the TTIP focuses on three crucial aspects: transparency and public accountability, the controversial investment chapter and financial (de)regulation.
In Pakistan, where terror attacks, corruption, nepotism and human rights violations are the order of the day, Oxfam Novib Pakistan and SOMO are trying to support local NGOs in the (re)construction of their communities. Within this framework, SOMO organised a successful training in Pakistan last week, focused on corporate social responsibility (CSR) and how to hold companies accountable for how they conduct their business.