Download - Vedanta Presentation
-
8/7/2019 Vedanta Presentation
1/17
Decline On Ethical Grounds
The Case Of
Chisso Corporation & Vedanta
-
8/7/2019 Vedanta Presentation
2/17
CHISSO Corporation
Minamata is a small factory town dominated by the Chisso
Corporation.
The town faces the Shiranui Sea, and Minamata Bay is part ofthis sea.
In Japanese, "Chisso" means nitrogen.
The Chisso Corporation was once a fertilizer and carbicle
company, and gradually advanced to a petrochemical and
plastic-maker company.
-
8/7/2019 Vedanta Presentation
3/17
The Issue
From 1932 to 1968, Chisso Corporation, dumped an estimated
27 tons of mercury compounds into Minamata Bay.
Kumamoto is a small town about 570 miles southwest ofTokyo.
The town consists of mostly farmers and fisherman.
When Chisso Corporation dumped this massive amount of
mercury into the bay, thousands of people whose normal diet
included fish from the bay, unexpectedly developed
symptoms of methyl mercury poisoning.
-
8/7/2019 Vedanta Presentation
4/17
The illness became known as the "Minamata Disease". The mercurypoisoning resulted from years of environmental destruction andneglect from Chisso Corporation.
By 1925, the Chisso Corporation was dumping waste into MinamataBay and destroying the fishing areas.
The theory behind the industry was to pay off the Minamatafisherman in exchange for damaging their fishing environment
The company believed that it was much cheaper to pay off the fewpeople who were opposed to the dumping, rather than implementan environmentally safe technique of waste removal.
Therefore, since the villagers accepted this practice throughcompensation of money, and the government was behind theindustry, the entire process appeared ethical.
-
8/7/2019 Vedanta Presentation
5/17
In 1932, Chisso corporation started developing
plastics, drugs and perfumes through the use of
acetaldehyde.
The monopoly in the chemical domain enabled the
company to expand.
In 1950-1956, there were reports of an unclarified
disease of CNS which had broken out.
Series of investigation linked the reports to the
mercury poisining of the fish found in minamata bay.
-
8/7/2019 Vedanta Presentation
6/17
-
8/7/2019 Vedanta Presentation
7/17
In 1958, Chisso corporation transferred their dumping
from Minamata bay to Minamata river, hoping to
diminish accusations.
Soon the people in that area developed that disease.
The company then made deals with the victims ofminamata disease .
People who were legally ignorant signed the contractwhich stated, Chisso corporation would pay them for
their misfortunes but would not accept anyresponsibility.
-
8/7/2019 Vedanta Presentation
8/17
Although the factory remained shut for a span of
time, in 1968 Chisso Corporation implemented
environmentally safe technology in their production
process.
The people in Minamata bay have suffered gross
deformities, brain damage and death.
It is a case of violation of human rights & violation
of environmental laws
-
8/7/2019 Vedanta Presentation
9/17
About Vedanta
Indias largest non-ferrous metal and mining
Based in London
Listed in the London Stock Exchange
-
8/7/2019 Vedanta Presentation
10/17
Mining
Signed MOU with the State Government of Orissa
Mining is to conducted on the top of the Niyamgiri hills in Kalahandiand Rayagada districts in Orissa
Proposes to extract 3 million tpa of bauxite having projectedlifespan of 23 years
To meet the power demands of the refinery project, a 75 MW
captive coal-based power plant was also proposed.
In 2004, three writ petitions were filed at the Cuttack High Court inOrissa
-
8/7/2019 Vedanta Presentation
11/17
ProposedMining Lease
Niyamgiri hills, is surrounded by dense forests and isthe habitat for diverse species of plant and animal life.
Some 20 species of orchids are found in and around
the region
Rich with variety of plants which are used for ailments
critical role of linking forests of Kandhamal district to
forests of Rayagada, Kalahandi and Koraput districts
-
8/7/2019 Vedanta Presentation
12/17
The tiny community of the Dongaria Kondh,
who live in the upland areas of the Niyamgiri
hills, depend on the hills intensely.
-
8/7/2019 Vedanta Presentation
13/17
Impact ofMining
Mining would threaten the lives of the
Dongaria Kondh.
CausedA
ir pollution Water pollution
Environmental Disaster
Deforestation Protection to wild life
Rare Wild life
-
8/7/2019 Vedanta Presentation
14/17
Environment Report
Destroy sacred sites of Kondh
Endanger the self-sufficient forest based
livelihood
Construction of roads result in easy accessible
to poachers of wildlife and timber smugglers
threatening the rich biodiversity of the hills
-
8/7/2019 Vedanta Presentation
15/17
Environmental Laws
Violation ofForest Conservation Act
Violation of Environment Protection Act
Violation of conditions of Clearance under EPA
granted to Refinery
-
8/7/2019 Vedanta Presentation
16/17
Conclusion
Considering the cases of Chisso corporationand Vedanta it is concluded that:
Good Business ethics is the backbone of everyforward thinking business.
It is very essential for the company to exhibitsocial & ethical considerations within the
society in which it is operating.
-
8/7/2019 Vedanta Presentation
17/17
BEING GOOD IS GOOD BUSINESS !!!!
THANK YOU!!
Presented By:
Anand Gowda-16
Vikram Jadhav-18
Thara. Nair-38
Amol.Panad-43