Intel To Suspend Investments in Israel Due to Assault on Gaza
brehs, is BDS about to make a jump?
SANTA CLARA, Calif., August 7, 2014 -- Intel CEO Brian Krzanich today announced the suspension of a previous decision to invest an additional $6 billion in Intel's Kiryat Gat facility in Israel and that a reevaluation of its business relationship with Israel will be conducted. The review will help to ensure compliance to Intel's stated Code of Conduct guidelines and Corporate Responsibility goals.
"Intel takes seriously our commitment to being a responsible corporate citizen," said Intel CEO Brian Krzanich. "We view corporate citizenship as the relationship forged between Intel, the communities in which we operate and society in general. At Intel, corporate citizenship is firmly anchored in our corporate values."
Intel's Code of Conduct serves as a compass that guides the actions of employees, directors, and business partners, ensuring consistent and uncompromising integrity as we build trusted relationships around the world. Intel is also a United Nations Global Compact (UNGC) LEAD member. The first two UNGC Principles are regarding human rights.
Intel releases an annual Corporate Responsibility Report. "For us, corporate responsibility means achieving business success in ways that demonstrate respect for people and the planet and uphold the values and high standards of ethics expressed in our Human Rights Principles and our environmental health and safety policies," adds Krzanich. "In all our activities, we need to uphold Intel's long-standing, global reputation as a role model for socially responsible behavior."
Intel Israel is the country's largest private-sector employer. Mooly Eden is Intel Israel president and is also in support of the decision. He is confident that Intel Israel is "here to stay", despite the investment suspension. Eden has been speaking to Israeli government officials over the past weeks regarding its military policy and the negative attention it brings to the country and those businesses that operate within. "Intel has consistently been recognized as one of the world's leading corporate citizens and most ethical companies," states Eden. "Our commitment to doing the right thing runs deep in our corporate culture. We don't view corporate responsibility as a fad or marketing scheme."
The Kiryat Gat facility is only 15 miles from the northern Gaza Strip. Reports of the destruction and loss of life resulting from Israel's recent assault on Gaza, in addition to the blockade that Israel has imposed on the people of Gaza for the past several years is not something that business leaders can continue to ignore.
Further details on Intel Israel's business evaluations will be released in the coming weeks.
PRESS CONTACT
Nick Veritas Intel Corporate, Assistant Director Communications & Public Affairs +1 408 805 0679 nick.veritas@newsroom-intel.com
EDIT: there's Tweets saying this is a hoax though
brehs, is BDS about to make a jump?SANTA CLARA, Calif., August 7, 2014 -- Intel CEO Brian Krzanich today announced the suspension of a previous decision to invest an additional $6 billion in Intel's Kiryat Gat facility in Israel and that a reevaluation of its business relationship with Israel will be conducted. The review will help to ensure compliance to Intel's stated Code of Conduct guidelines and Corporate Responsibility goals.
"Intel takes seriously our commitment to being a responsible corporate citizen," said Intel CEO Brian Krzanich. "We view corporate citizenship as the relationship forged between Intel, the communities in which we operate and society in general. At Intel, corporate citizenship is firmly anchored in our corporate values."
Intel's Code of Conduct serves as a compass that guides the actions of employees, directors, and business partners, ensuring consistent and uncompromising integrity as we build trusted relationships around the world. Intel is also a United Nations Global Compact (UNGC) LEAD member. The first two UNGC Principles are regarding human rights.
Intel releases an annual Corporate Responsibility Report. "For us, corporate responsibility means achieving business success in ways that demonstrate respect for people and the planet and uphold the values and high standards of ethics expressed in our Human Rights Principles and our environmental health and safety policies," adds Krzanich. "In all our activities, we need to uphold Intel's long-standing, global reputation as a role model for socially responsible behavior."
Intel Israel is the country's largest private-sector employer. Mooly Eden is Intel Israel president and is also in support of the decision. He is confident that Intel Israel is "here to stay", despite the investment suspension. Eden has been speaking to Israeli government officials over the past weeks regarding its military policy and the negative attention it brings to the country and those businesses that operate within. "Intel has consistently been recognized as one of the world's leading corporate citizens and most ethical companies," states Eden. "Our commitment to doing the right thing runs deep in our corporate culture. We don't view corporate responsibility as a fad or marketing scheme."
The Kiryat Gat facility is only 15 miles from the northern Gaza Strip. Reports of the destruction and loss of life resulting from Israel's recent assault on Gaza, in addition to the blockade that Israel has imposed on the people of Gaza for the past several years is not something that business leaders can continue to ignore.
Further details on Intel Israel's business evaluations will be released in the coming weeks.
PRESS CONTACT
Nick Veritas Intel Corporate, Assistant Director Communications & Public Affairs +1 408 805 0679 nick.veritas@newsroom-intel.com
EDIT: there's Tweets saying this is a hoax though
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...there's gotta be more to this
makes more sense
