Ecolab

Conglomerate
NYSE: ECL
USA
Ecolab

Ecolab has reported that a subsidiary has sold products for upstream oil and gas production and petrochemical plants in Iran. In 2017, CalSTRS designated Ecolab as “Under Review” for potentially having ties to Iran. In 2018, CalSTRS removed Ecolab after confirming the company was winding down activities in Iran and reviewing the company’s business with Iran and internal controls to prevent sanction violations.

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In 2017 the U.S. state of California identified Ecolab as a company under review for Ecolab has reported that a subsidiary has sold products for upstream oil and gas production and petrochemical plants in Iran.