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Swiss banks might not be the most obvious allies for indigenous communities struggling to survive in Russia’s Far North. But their financial clout could drive multinationals to change their business practices, argue those affected by a major environmental disaster last year.
This analysis includes information on human rights issues related to Chinese investment in the CEECA region.
The world’s costliest Olympic Games, held in Russia in February 2014, were built on widespread and well-documented human rights abuses. This is just one example of the adverse impacts, when governments systematically fail to act to protect human rights in the face of business activities.
Case study from Philip Morris International
There are places in Europe today where environmental human rights defenders are beaten, threatened, verbally abused, intimidated, or otherwise prevented from carrying out their legitimate activities in a safe and free manner.
Human trafficking for labour exploitation has become increasingly prevalent in the Baltic Sea Region. In fact, in some member states like Finland, Iceland, Latvia, Lithuania, and Poland, labor exploitation is equally common or even more common than sexual exploitation.
Businesses operating in such countries don’t seem to be concerned with human rights records of authoritarian governments, remaining silent, feigning ignorance or at worst helping authorities in their crackdown.
Food and Agriculture Organization of the United Nations, Sep 30, 2020
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