Skip to content or view mobile version

Home | Mobile | Editorial | Mission | Privacy | About | Contact | Help | Security | Support

A network of individuals, independent and alternative media activists and organisations, offering grassroots, non-corporate, non-commercial coverage of important social and political issues.

Corporate Scandal: Dow Releases "Acceptable Risk" Program

transmitter | 06.05.2005 19:59 | London

One should think that Dow would shy away from media attention only a few months after their cruelty towards the victims of the Bhopal disaster was exposed. But no - they are getting even more cynical.

May 3, 2005
FOR IMMEDIATE RELEASE

DOW RELEASES "ACCEPTABLE RISK" PROGRAM AT BANKING CONFERENCE
"Risk Calculator" helps ensure sound business practice

When government is made to take the back seat in regulatory matters, corporations must rely on their own judgment to determine what is, and what isn't, acceptable where human lives are at risk.

Doing this has until now been more of an art than a science. With Acceptable Risk, business finally has a risk standard of its own, reflecting its values and allowing us to reliably factor human and environmental casualties into business decisions in accordance with the soundest of economic principles.

Last Thursday in London, Dow representative Erastus Hamm unveiled Acceptable Risk, the Acceptable Risk Calculator, and the Acceptable Risk mascot--a life-sized golden skeleton named Gilda--to an audience of about 70 banking professionals, including some from Dow's largest
investors. Many of the bankers in attendance excitedly signed up for licenses for the Calculator, which helps businesses scientifically determine the point where casualties start to cut into profit, while suggesting the best regions on earth to locate dangerous ventures.

Hamm told the bankers how Acceptable Risk would have applied to some famous "skeletons in the closet" of big business: IBM's WWII sale of technology to the Nazis for use in identifying Jews; Dow's production of napalm and Agent Orange for use in Vietnam; and the plight of Dursban, a Dow pesticide whose main ingredient came out of Nazi nerve agent research, was tested on student volunteers as recently as 1998, and was finally banned two years later.

Each of these cases entailed heavy casualties, Hamm noted, and yet each was immensely profitable and therefore consistent with sound business practice. Hamm said the case of the Bhopal gas disaster of 1984 was slightly more complicated--but so long as so-called "socially responsible" investor groups do not get away with forcing Dow to spend
too much time on the matter at the May 12 AGM and elsewhere, that case could end up being a "golden skeleton" too.

Please visit  http://www.dowethics.com/risk/ to try out the Acceptable Risk Calculator for yourself, and for text, photos and video of the London announcement.

Contacts:
Erastus Hamm
Vikram Banarjee

transmitter
- Homepage: http://www.commondreams.org/news2005/0503-06.htm

Comments

Display the following comment

  1. Ha ha ha — Yes
Upcoming Coverage
View and post events
Upcoming Events UK
24th October, London: 2015 London Anarchist Bookfair
2nd - 8th November: Wrexham, Wales, UK & Everywhere: Week of Action Against the North Wales Prison & the Prison Industrial Complex. Cymraeg: Wythnos o Weithredu yn Erbyn Carchar Gogledd Cymru

Ongoing UK
Every Tuesday 6pm-8pm, Yorkshire: Demo/vigil at NSA/NRO Menwith Hill US Spy Base More info: CAAB.

Every Tuesday, UK & worldwide: Counter Terror Tuesdays. Call the US Embassy nearest to you to protest Obama's Terror Tuesdays. More info here

Every day, London: Vigil for Julian Assange outside Ecuadorian Embassy

Parliament Sq Protest: see topic page
Ongoing Global
Rossport, Ireland: see topic page
Israel-Palestine: Israel Indymedia | Palestine Indymedia
Oaxaca: Chiapas Indymedia
Regions
All Regions
Birmingham
Cambridge
Liverpool
London
Oxford
Sheffield
South Coast
Wales
World
Other Local IMCs
Bristol/South West
Nottingham
Scotland
Social Media
You can follow @ukindymedia on indy.im and Twitter. We are working on a Twitter policy. We do not use Facebook, and advise you not to either.
Support Us
We need help paying the bills for hosting this site, please consider supporting us financially.
Other Media Projects
Schnews
Dissident Island Radio
Corporate Watch
Media Lens
VisionOnTV
Earth First! Action Update
Earth First! Action Reports
Topics
All Topics
Afghanistan
Analysis
Animal Liberation
Anti-Nuclear
Anti-militarism
Anti-racism
Bio-technology
Climate Chaos
Culture
Ecology
Education
Energy Crisis
Fracking
Free Spaces
Gender
Globalisation
Health
History
Indymedia
Iraq
Migration
Ocean Defence
Other Press
Palestine
Policing
Public sector cuts
Repression
Social Struggles
Technology
Terror War
Workers' Movements
Zapatista
Major Reports
NATO 2014
G8 2013
Workfare
2011 Census Resistance
Occupy Everywhere
August Riots
Dale Farm
J30 Strike
Flotilla to Gaza
Mayday 2010
Tar Sands
G20 London Summit
University Occupations for Gaza
Guantanamo
Indymedia Server Seizure
COP15 Climate Summit 2009
Carmel Agrexco
G8 Japan 2008
SHAC
Stop Sequani
Stop RWB
Climate Camp 2008
Oaxaca Uprising
Rossport Solidarity
Smash EDO
SOCPA
Past Major Reports
Encrypted Page
You are viewing this page using an encrypted connection. If you bookmark this page or send its address in an email you might want to use the un-encrypted address of this page.
If you recieved a warning about an untrusted root certificate please install the CAcert root certificate, for more information see the security page.

Global IMC Network


www.indymedia.org

Projects
print
radio
satellite tv
video

Africa

Europe
antwerpen
armenia
athens
austria
barcelona
belarus
belgium
belgrade
brussels
bulgaria
calabria
croatia
cyprus
emilia-romagna
estrecho / madiaq
galiza
germany
grenoble
hungary
ireland
istanbul
italy
la plana
liege
liguria
lille
linksunten
lombardia
madrid
malta
marseille
nantes
napoli
netherlands
northern england
nottingham imc
paris/île-de-france
patras
piemonte
poland
portugal
roma
romania
russia
sardegna
scotland
sverige
switzerland
torun
toscana
ukraine
united kingdom
valencia

Latin America
argentina
bolivia
chiapas
chile
chile sur
cmi brasil
cmi sucre
colombia
ecuador
mexico
peru
puerto rico
qollasuyu
rosario
santiago
tijuana
uruguay
valparaiso
venezuela

Oceania
aotearoa
brisbane
burma
darwin
jakarta
manila
melbourne
perth
qc
sydney

South Asia
india


United States
arizona
arkansas
asheville
atlanta
Austin
binghamton
boston
buffalo
chicago
cleveland
colorado
columbus
dc
hawaii
houston
hudson mohawk
kansas city
la
madison
maine
miami
michigan
milwaukee
minneapolis/st. paul
new hampshire
new jersey
new mexico
new orleans
north carolina
north texas
nyc
oklahoma
philadelphia
pittsburgh
portland
richmond
rochester
rogue valley
saint louis
san diego
san francisco
san francisco bay area
santa barbara
santa cruz, ca
sarasota
seattle
tampa bay
united states
urbana-champaign
vermont
western mass
worcester

West Asia
Armenia
Beirut
Israel
Palestine

Topics
biotech

Process
fbi/legal updates
mailing lists
process & imc docs
tech