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July 18, 2008

Report Names Most Controversial Companies

The top ten environmental and socially controversial companies for the first six months of 2008 called out.

SocialFunds.com -- ArcelorMittal, Citigroup, Chevron, China National Petroleum Corporation (CNPC), ExxonMobil, Nestlé, Samsung, Shell, Total, and Wal-Mart were red-flagged by ECOFACT as the most controversial companies in the world. The companies were routinely in the news and criticized by non-governmental organizations in the first half of this year.

Free
SRI Mutual Funds GuideThe Reputational Risk Index (RRI) by ECOFACT's RepRisk tool ranks companies on negative press and criticism from NGOs on labor, environmental and corruption issues. The top social and environmental issues these ten companies were criticized for during the previous six months were human rights abuses and corporate complicity and negative impact on communities and ecosystems.

The RRI is designed to help investors gauge a company’s relationship to controversial issues and the risks associated with them.

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