The chemicals industry in India is the leading supplier to the Western pharmaceutical industry. Too often it turns out that subcontractors are flouting on both the environment and business ethics - with grim consequences.
Hyderabad in India is one of the world's most polluted areas and a genuine dumping ground for many of the western pharmaceutical industry suppliers, Sasja Beslik travelled to the area to shoot a movie, to promote greater dialogue on environmental improvements in the area.
Subsequently, the film is presented for the pharmaceutical companies Nordea Asset Management invests in in order to demonstrate how the company's Indian subcontractor affects the local community.
- In this way we can get the company to urge their suppliers to improve the handling of hazardous waste. If they're do not listen to us, we can take up the issues at the company’s general meeting, and last resort, we can sell our holdings in the company, explains Sasja Beslik.
See the whole harrowing mini documentary at the top of the article.
Other Responsible investment news
Nordea’s hard work with ESG continues to bear fruit. Nordea Asset Management has received the “Best Investment ESG Process” award from Capital Finance Intern...
Less traveling, paperless offices, reduced waste and digital subscriptions. Nordea is currently looking into multiple ways of reducing our carbon footprint....
Funds full of stars The Stars Funds invest in a selection of companies that excel in the way they manage risks and opportunities related to sustainability ma...
Nordea’s Sasja Beslik received an award for Sustainability Leader of the Year 2017 for finance. This further positions Nordea, the largest bank in the Nordic...
Sustainability: Nordea wants to lead the way together with corporates and investors to create lasting change
Companies that work responsibly and with a long-term approach in environmental and social matters drives returns, reduces the risk as well as contributes to...