It found that between 2004 and 2013, the two companies had an agreement not to compete with each other on certain pack sizes of margarine and edible oils.
Sime Darby, the world's top palm oil planter, settled with the Commision last year, the Commission said in a statement.
Unilever and its CEO are great at talking about sustainability and corporate responsibility, but their actions continue to be greatly outpaced by their words. Not only would it be best for the developing world if companies like Unilever would do the hard work of following through on its promises to act in the best interest of the world, it would also be good if business reporters would allow a healthy dose of skepticism into their reporting.
If elite publications are going to serve as PR arms for these companies, rather than hold them accountable for their actions, the new corporate buzzwords of "sustainability" and "corporate social responsibility" will be rendered as meaningless and hollow as those that came before.
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