Credit Suisse Group AG agreed to pay almost $475 million to resolve multiple investigations into its role in a fundraising scandal that saw hundreds of millions looted from Mozambique and tipped the country into an
A US federal court charged the CEO of a major defence contractor, Multinational Logistics Services, for allegedly participating in a bribery scheme to win defence contracts worth some $1.3bn over the last decade, the Department
British lawmakers have asked the Financial Conduct Authority why it took five years to prosecute NatWest for failing to prevent the laundering of nearly £4oom ($551.28m), after the lender pled guilty earlier this month. The
Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston Consulting Group. Shipping, which transports about 90% of world trade,
The commodity rally may be the talk of Wall Street, but old-school energy producers are still lagging the oil price big time — a tell-tale sign the era of green investing is in full swing.
Panel Discussion: Where to from here? Australia’s Modern Slavery Act Join our webinar to learn more about the Australia’s Modern Slavery Act. 18 November 2021 – 11.00 AM AEDT Register Now Summary Modern slavery occurs
Shares in Australian gambling giant Star Entertainment have slumped after allegations that it enabled illegal activity at its casinos for years. A joint report by three news outlets implicated the firm in suspected money laundering,
Etihad Airways said on Wednesday it has raised $1.2 billion with a loan linked to environmental, social and governance (ESG) targets in global aviation. The airline said this was the first sustainability-linked loan in global
The former chief executive officer of Brazilian petrochemical company Braskem SA has been sentenced to 20 months in prison for his role in a scheme that diverted $250 million from the company to a slush fund to pay
President von der Leyen identified two key challenges we need to address to boost global sustainable investment: First, how to attract more capital towards sustainable investment. Second, how to bring more countries on board, and
Microsoft Corp., which has faced pressure from employees and shareholders over contracts with governments and law enforcement agencies, agreed to commission an independent human rights review of some of those deals. The move came in response to
The UN Working Group on Business and Human Rights criticised Italian authorities for actions that “tarnish the reputation of Italy in the field of business and human rights and should be immediately addressed to protect the
