Tag: Total
Few if any companies have mechanisms in place to manage the specific risks associated with violent conflict, presenting huge risks for their investors Few if any companies have mechanisms in place to manage the specific risks associated with violent conflict, presen… Few if any companies have mechanisms in place to manage the specific risks associated with violent conflict, presenting huge risks for their investors
Apr 13th, 2021
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On 9 March, H&M’s 56 production locations in Myanmar were closed after a military coup brought violent turmoil to the country. Only weeks later, Total abandoned Mozambique as rebel forces were approaching its $20bn investment in Cabo Delgado, most likely delaying plans by energy majors to spend as much as $120bn on Mozambique’s natural gas industry and jeopardising the very viability of Africa’s largest-ever private investment. The coup and the rebellion do not only affect the bottom lines of dozens of listed corporations, they also expose them to tremendous reputational and human rights risks.
A surprisingly high number of listed companies are active in conflict-affected areas. Their investors run a heightened risk of being directly linked to severe adverse human rights and environmental impacts. Recently, the UN Wor…