The Market Watches The Olympics

 

Greetings from The Slave Detective,

 

As the pace quickens towards the start of the 2012 Olympics (and me carrying the Torch on the day before it opens 26th July) I was pleased to see that $58 Billion worth of trade has gathered together to ensure that those involved in Human Trafficking don’t prosper from the event.

 

Market Watch a coalition of 37 U.S.- and U.K.-based socially responsible investors representing $58 billion in assets under management, children’s rights- and investor-focused organizations sent letters to 32 companies, calling for immediate and transparent actions to train staff and suppliers to recognize and avoid the trafficking of workers into slavery, to monitor their supply chains, and to examine hiring and recruitment practices.

 

The response from Companies sponsoring The Games, Companies in the tourism sector that acknowledged the coalition’s letter include: Accor, Best Western, British Airways, Choice Hotels, Carlson, Hilton, Hyatt, InterContinental Hotel Group, Starwood, Thomas Cook, and Whitbread.

 

Olympic sponsors that acknowledged the letter include: Adidas, ArcelorMittal, BMW, Coca-Cola, John Lewis, Kraft Foods, McDonald’s, Next, Procter & Gamble, Rio Tinto, Sainsbury’s and Samsung.

 

 Non-responding companies will be noted in a future press release with general trend analysis of the responses.

 

It is something I have spoken about before, ensuring Fair Trade, which is something we can all do very easily by either choosing our purchased products from ‘Fair Trade’ sources or asking questions to the companies we purchase from.

 

We CAN make a difference.

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