{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

HISTORYTalisman.Kohler - Title Talisman A responsible...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Title: Talisman? A responsible corporation? By: Köhler, Nicholas, Maclean's, 00249262, 6/22/2009, Vol. 122, Issue 23 Database: Academic Search Premier Talisman? A responsible corporation? Section: BUSINESS How Talisman, Nike and Gildan went from corporate demons to ethical leaders Not much was going right for Calgary oil and gas powerhouse Talisman Energy back in 2001, but an indisputable low point was when it was accused of complicity in genocide. The charge, contained in a class action suit filed by the Presbyterian Church of Sudan, stemmed from Talisman's decision three years earlier to acquire a stake in an oil project controlled in part by Sudan's Khartoum-based Islamic government. The Church and others claimed that Talisman aided Khartoum in committing genocide by, among other things, allowing helicopter gunships to mount bombing raids on villages from airstrips controlled by the oil consortium. Though the charges were later dismissed, Talisman's Sudanese adventure sent its share price into a dive and prompted former U.S. secretary of state Madeleine Albright to send a harshly worded letter to then-foreign affairs minister Lloyd Axworthy asking Canada to put pressure on Talisman to scuttle the project. It's an interesting history for a company that's now being celebrated, in this very report, for being one of the 50 Most Socially Responsible Corporations operating in Canada. Another company we're celebrating is Nike, which in the 1990s faced allegations that its products were being manufactured by child labourers in Third World sweatshops. Clothing retailer Gap -- which is also on the list -- faced similar pressures, and Montreal-based T-shirt maker Gildan Activewear was put on review by the Fair Labor Association in 2004 after the company fired 100 workers in a Honduran sewing plant for union organizing. Oil sands giant Suncor Energy made our list too, despite recent concern over Alberta bitumen as "dirty oil." Why are we touting these companies as some of the best corporate citizens operating in Canada? Simple: after wandering a public relations wilderness for a decade or more, each is now reaping the benefits of an aggressive "corporate social responsibility" (CSR) effort, an increasingly popular framework that puts a focus on how a company treats its workers, the environment and the communities where it operates. Sure, to be frank, many of these companies first adopted CSR mainly to put out a public relations fire. But none would now go back. In fact, most say that although becoming a good corporate citizen was a long, sometimes painful and often costly slog, they're now much better companies because of it. In Reg Manhas's case, the fire that then-Talisman president and CEO Jim Buckee sent him to douse was burning pretty intensely. Manhas, now vice-president of corporate responsibility and
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
government affairs at Talisman, was then a former oil patch engineer-cum-lawyer doing legal work on the commercial end of the Sudan project. When Buckee, a colourful and outspoken Brit with an Oxford Ph.D. in astrophysics, came knocking in March 2000, Manhas suddenly found
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}