Palm oil and rubber plantation company Socfin has been accused of land grabbing in Cambodia, Cameroon, Côte d’Ivoire, Liberia and Sierra Leone. Activists targeted the Bolloré Group (Socfin’s second biggest shareholder) to demand change, resulting in the company being placed on a watchlist by Switzerland’s largest public pension funds.
Some of Switzerland’s largest pension funds have placed French logistics giant Bolloré SE on a blacklist. The Swiss Association for Responsible Investments (SVVK-ASIR) decided its members should no longer invest in Bolloré after it failed to act to resolve accusations of land-grabbing, environmental damage and complicity in human rights violations on oil palm and rubber […]
In a small room at a safe house owned by a human rights group in rural Liberia, away from prying eyes and passing ears, Decontee explains why she quit her job on the Salala plantation. It was hard work, setting out at 5:30 in the morning every day to trek through the rows of tall […]
A new report by Bread for all, Alliance Sud, and the German Network for Tax Justice has accused Belgian-French multinational Socfin, which operates rubber and palm oil plantations across West Africa, of shifting profits from Africa to Switzerland. The use of “transfer pricing” to avoid taxation is common among multinationals operating in Africa, depriving low-income governments of badly needed revenue.
A new report by Bread for all, Alliance Sud, and the German Network for Tax Justice has accused Belgian-French multinational Socfin, which operates rubber and palm oil plantations across West Africa, of shifting profits from Africa to Switzerland. The use of “transfer pricing” to avoid taxation is common among multinationals operating in Africa, depriving low-income governments of badly needed revenue.