Greenwashing

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I just wanted to pick up what I mentioned in class concerning the Bill&Melinda Gates Foundation.
One of the foundation’s values is: “To whom much has been given, much is expected”.
Well, everybody knows that Bill Gates is a pretty rich guy. And indeed, he and his wife had the nice intention to give something back to the poor and sick.
The Gates Foundation, for instance, is funding inoculations: $218 million poured into polio and measles immunization and research worldwide.
However, there are some “dark clouds” over this work. At the same time it has invested $423 million in Eni, Royal Dutch Shell, Exxon Mobil Corp., Chevron Corp. and Total of France — the companies responsible for most of the flares blanketing the delta with pollution, beyond anything permitted in the United States or Europe. (taken from LA Times, January 7th)
So, the question may be whether this foundation has not been created in order to become even more richer??? And the good work is, finally, not more than what is called “Greenwashing” (click on it to find a definition)?
click here to go to the LA Times article: Dark cloud over good works of Gates Foundation
for those who are literary in German, there has been an article on “Spiegel online

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Posted in greenwash
One comment on “Greenwashing
  1. jeremy says:

    The LA Times article states that: “Bill and Melinda Gates require the managers to keep a highly diversified portfolio, but make no specific directives”. I’m quite surprised by this given the supposed ethos of the Gates Foundation, and the increasingly availability of Socially Responsibility Investment (SRI) funds and the high returns they are earning (they are comparable with mainstream funds).

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