Our Lenten Prayer We pray for all members

Our Lenten Prayer We pray for all members of our global family; that we may be filled with hope for the future and inspired to work together to help all communities to survive and thrive. Amen

The local community? Imagine … • That one day you become a business owner. • Who would you feel responsible for? Customers? Investors? Employees? Anyone else? Future generations?

L 3: Business Ethics – The Power of Multinationals Learning Intentions: I am learning: • About Business Ethics and multinational companies. • About some of the injustices in the world today. • How aspects of Evangelium Vitae encompass ethical views in relation to worker’s rights and responsibility and ethical business practices. Success Criteria: • I can explain a Catholic response to Business Ethics.

Remember from last week… • Evangelium Vitae states very strongly that: “whatever is opposed to life…” including “disgraceful working conditions, where people are treated as mere instruments of gain rather than free and responsible persons… poisons human society. ”

Today we are looking at business Business can range from one-person microbusinesses to co-operatives and huge multinational companies like Nestlé or Shell

However… today we are going to be looking more closely at multinational companies • Multinational companies are entities that have operations in more than one country. • Quiz – identify the logos of the multinational companies you have been given. See how many you can guess.

Multinational Companies The enormous economic and political power of the largest of these companies makes them significant In 2012, Forbes’ biggest 2000 companies accounted for $2. 43 trillion in profits, $159 trillion in assets and employed 87 million people worldwide The combined sales of the biggest 500 companies in the USA alone would make it the second largest economy in the world far bigger than the economies of the UK, France or Germany.

Multinational Companies • Some multinational companies dominate entire business sectors. • Parts of the food industry, for instance, are controlled by only a handful of big firms. • While five million small farms produce over 90 percent of the world’s cocoa just nine companies control the supply. What do you think is the impact of this on cocoa farmers?

Let’s try a wee quiz… 1. Around the world, approximately what ratio of people are hungry? a. b. c. d. 1 in 4 1 in 8 1 in 20 1 in 60

2. Can businesses contribute to tackling global poverty? A. Yes B. No

What percentage of the retail value of a chocolate bar do cocoa farmers receive? A. 1% B. 3. 5% C. 25% D. 80%

What percentage of the retail value of a chocolate bar do manufacturers receive? A. 70% B. 12% C. 90% D. 46%

How many tonnes of food and drink are thrown away each year? A. 50 B. 12000 C. 7 million D. 5 billion

What percentage of the world’s resources are the world’s wealthiest 20% consuming? A. 80 B. 30 C. 90 D. 20

Bonus round… • The majority of the top 500 businesses in the world are headquartered in what 7 countries? • United States • Japan • China • UK • France • Germany • Canada

Answers… 1. Around the world, approximately what ratio of people are hungry? a. 1 in 4 b. 1 in 8 c. 1 in 20 d. 1 in 60