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News >> Corporate Responsibility and Sustainability

Hyundai Motor Group chairperson Chung Mong-koo will donate 360,000 shares of the group's advertising affiliate Innocean to the value of 100 billion won to the Chung Mong-koo Foundation, to support talented students from underprivileged families.

Cage Farm Destocked for A$7.5 Million

11 Jul 2013
Written by World Watch

Pace Farm has destocked its Parkwood egg farm pursuant to a 2012 A$7.5 million purchase agreement with the Australian Capital Territory (ACT) Government, under which the government would buy a subdivision of the farm property if Pace Farm converted to barn operations for its produce.

Shark Fins Face Fewer Flying Options

26 Jun 2013
Written by World Watch

Korean Air Lines Co (Korean Air) has announced that it has been refusing to transport all shark fins since March 2013, in a move it described as a concerted effort to protect certain endangered species.

The European Commission (EC) has announced that the regulatory package comprising Regulation (EU) No 462/2013 (31 May 2013) and Directive 2013/14/EU commenced on 20 June, requiring credit rating agencies (CRAs) to "follow stricter rules which will make them more accountable for their actions".

Published in Financial Integrity

Electric vehicle manufacturers are planning to offer Canadian consumers competitive prices and deals following the market's growth both in terms of demand and its number of participants, ahead of the commencement of the proposed Regulations Amending the Passenger Automobile and Light Truck Greenhouse Gas Emission Regulations in 2017.

Published in Competition

World Bank president Jim Yong Kim has addressed the International Economic Forum of the Americas 2013 Conference of Montreal, stating the imperative for "Canadian and other international firms to invest in the developing world". Reportedly, Mr Kim pointed out that Canada's mining industry played a key role in such investment, with approximately 60% of mining investment in Latin America coming from Canadian companies.

Retrial Ordered on Cigarette Samples Case

13 Jun 2013
Written by World Watch

The United States (US) Massachusetts Supreme Judicial Court has overturned a punitive damages award of US$81 million in the case of Willie Evans, executor v Lorillard Tobacco Company SJC-11179, regarding a wrongful death suit brought against Lorillard Tobacco Co. (Lorillard) by the son of a deceased woman who allegedly received free cigarette samples from the defendant as a child.

Airlines to Curb Emissions by 2020

06 Jun 2013
Written by World Watch

The International Air Transport Association (IATA) has passed a resolution asking world governments to come to an agreement regarding measures to manage carbon dioxide emissions from air travel, in particular, a global market-based mechanism that would enable airlines to account for and offset greenhouse gas emissions.

Major supermarket retailer Asda has committed to redistribute surplus stock to FareShare, one of the United Kingdom's (UK) biggest food banks, rather than sending the stock back to the manufacturer. Reportedly, Asda has stated that the initiative will increase the quantity of food sent to FareShare by 41% per year, and provide 3.75 million meals per year to homeless and vulnerable people.

Coca-Cola Co (Coca-Cola) will expand distribution of its low-calorie drinks and display more prominent nutritional energy information on its packaging in response to concerns over the purported contribution of carbonated drinks to growing obesity rates. Reportedly, Coca-Cola has also committed to not direct marketing towards children aged under 12, and to sponsor sports programs and other physical activity initiatives.

Published in Consumer Protection

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