Tag: Transparency (behavior)

BusinessEngineeringManufacturing

Bechtel Releases Public Report on Fatal Worksite Incident, Outlines Safety Reforms

In an unusual step for the construction industry, engineering giant Bechtel has published a transparent account of a fatal April worksite incident that claimed three lives. The report identifies critical safety failures and outlines a series of corrective actions aimed at preventing future tragedies.

Transparency in Tragedy

Global engineering firm Bechtel has taken the rare step of publicly releasing findings from its internal investigation into a fatal worksite incident that occurred in April, according to reports. In a move aimed at fostering industry-wide learning, the company detailed the factors that led to the deaths of three workers and the specific fixes it is implementing to bolster safety.

by Elisa Romero
Economy and TradingEnergy Policy

G20 Pledges Continued Support for Developing Nations’ Debt Challenges Amid Rising Concerns

The G20, under South Africa’s leadership, has vowed to maintain focus on debt issues in developing economies, despite concerns over inadequate measures. Reports indicate that while systemic risks are contained, many nations face steep financing costs and limited growth avenues.

G20 Reaffirms Commitment to Debt Sustainability

The Group of 20 major economies, currently chaired by South Africa, has declared that the risk of a widespread debt crisis appears manageable, but numerous low- and middle-income countries continue to grapple with high financing costs and growth constraints. According to reports from the annual meetings of the International Monetary Fund and World Bank in Washington, G20 finance officials issued a statement emphasizing the need for predictable and coordinated debt treatments under the Common Framework.

by Nathan Cole
BusinessSustainability

SKF Achieves Top CDP Climate Ratings, Demonstrating Value Chain Leadership

SKF has secured top ‘A’ ratings in both CDP’s Supplier Engagement Assessment and Climate categories, ranking among the top 2% of companies globally. The recognition highlights SKF’s comprehensive approach to decarbonization across its entire value chain and supplier network.

SKF has demonstrated exceptional climate leadership by achieving dual ‘A’ ratings from CDP in both the Supplier Engagement Assessment and Climate categories for 2024. This prestigious recognition places the bearing and lubrication systems manufacturer among the elite 2% of companies worldwide for environmental transparency and action. The company’s performance underscores its commitment to driving meaningful climate progress throughout its operations and value chain, according to recent analysis of corporate sustainability performance.

SKF’s Comprehensive Climate Strategy Excellence

by Elisa Romero