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Oct 30, 2012
Voting now open for the 2012 Prix Pinocchio
The Pinocchio Sustainable Development Awards (PSDA), organised by Friends of the Earth (Les Amis de la Terre) - France, are intended to illustrate and denounce the negative impacts of some French companies that behave in total contradiction with the concepts of sustainable development that they boast of extensively.
All
these commitments are legally non-binding and they are hence
inefficient: while companies enjoy benefits in terms of the image they
project to their shareholders, customers and citizens, they only engage
in some general overall principles which are not very operational, and
they are not accountable for their actions in case of non-compliance to
this voluntary adherence. Although supported at the highest level by
public governments that often favour the competitiveness of
multinational corporations to Human Rights and environmental protection,
these types of voluntary adherence have now largely proven ineffective.
Multinationals companies are taking advantage of legislative loopholes to conduct their activities to the detriment of respect of social, societal and environmental rights in the countries of the South.
