Grenfell cladding firm Arconic paid shareholders £23m more in compensation than to fire victims
Why This Matters
Key context: <p>Report’s author said findings highlighted ‘near-total failure’ to hold corporations accountable over the disaster that killed 72 people</p><p>The company behind Grenfell Tower’s flammable cladding gave more compensation to its shareholders than to victims of the disaster, an investigation has found.</p><p>Arconic, which made and sold the cladding panels found to be the “primary cause” of the rapid spread of the Grenfell fire, paid $74m (£54.7m)) to its shareholders for economic loss they incurred after the blaze.</p> <a href="https://www.theguardian.com/uk-news/2026/aug/18/grenfell-cladding-firm-arconic-paid-shareholders-more-compensation-than-fire-victims">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.
Report’s author said findings highlighted ‘near-total failure’ to hold corporations accountable over the disaster that killed 72 peopleThe company behind Grenfell Tower’s flammable cladding gave more compensation to its shareholders than to victims of the disaster, an investigation has found.Arconic, which made and sold the cladding panels found to be the “primary cause” of the rapid spread of the Grenfell fire, paid $74m (£54.7m)) to its shareholders for economic loss they incurred after the blaze. Continue reading...
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