Risk Report Highlights Grenfell Tower As ‘Most Controversial Project’
The latest report published by RepRisk today (22nd March 2018), emphasised Grenfell Tower – which led to the unfortunate death of many people – as their ‘Most Controversial Project’ in the world.
RepRisk disclosed the role of organisations involved in the fire including the Royal Borough of Kensington and Chelsea Tenant Management Organisation, but also many companies in the construction supply chain, including Rydon Group Ltd and Harley Facades Ltd, and the manufacturer of the Hotpoint-branded refrigerator that caused the fire.
Discoveries from the report have also shown that out of the 10 most dangerous projects they found, two of them came from the UK.
Additional evidence from the report suggests that neglectful behaviour towards workers from lower socio-economic backgrounds was a key factor in corporate losses.
Other projects involved within the report include the abuse of immigrants by G4S at the Brook House detention centre near Gatwick; the repatriation of European employees from Lafarge’s Cement Works in ISIS held Jalabiya while local workers were required to stay on until their eventual capture; and the use of illegal migrant workers to build the Imperial Pacific Resort in Saipan.
To complete the report, RepRisk used over 80,000 sources that are available to the British public. More than 25,000 projects were assessed based on 28 environmental, social, governance (ESG) and business conduct risk factors. Labour, Human Rights, the Environment and Corruption were a factor to producing the findings.
Philipp Aeby, CEO of RepRisk, said:
“Workplace accidents at projects show that hazardous and poor working conditions frequently cause exposure to ESG risks for the companies involved. Therefore, assessing a company’s business conduct on the ground as reported by stakeholders and local sources helps to shed light on issues that can have reputational, compliance, and financial impact.”
The Chartered Quality Institute (CQI) is concerned with the lack of operatio
nal governance highlighted in the report.
Estelle Clark, Director of Policy at the Chartered Quality Institute, stated:
“This report reveals chronic operational governance failure, with major multi-national organisations such as Lafarge, headquartered in Switzerland, paying scant regard to the welfare of local workers in faraway, war-torn locations. The projects highlighted are not cases of bad luck, but are clear cases of negligence.
The introduction of ISO 45001 – the world’s first internationally recognised standard for health and safety – is a potential turning point in encouraging organisations to put in place a framework to improve employee safety, reduce workplace risk and create better safer conditions. Businesses need to understand that the world is no longer going to tolerate a laissez faire approach to health and safety, whether in central London or Jalabiya in Syria.”