Business Impacts

  • Bank Group Explores BHR Responsibility

    February 01, 2017

    A discussion paper from a group of bank representatives promoting application of the UN Guiding Principles on Business and Human Rights (BHR), called the Thun Group, considers the point at which banks become "directly linked" to BHR violations and calls on them to develop due diligence procedures to prevent and deal with these situations.

  • UNEP Signs NY Fund to "Decarbonization" Program

    January 27, 2017

    The UN Environment Programme (UNEP) has announced that the New York State Common Retirement Fund, the third-largest pension fund in the US, is joining UNEP's Portfolio Decarbonization Coalition, a group of institutional investors that have pledged to gradually transfer a substantial portion of their investments to climate-friendly assets.

  • WEF Signs Businesses to Sustainability Compact

    January 25, 2017

    At its recent meeting in Davos, Switzerland, the World Economic Forum (WEF) released a document for signature by all participants called The Compact for Responsive and Responsible Leadership to commit business leaders to a "corporate governance framework" embedding the UN's sustainable development agenda in company operations.

  • NGOs Criticize Corporate Charter on Mexican Produce

    January 25, 2017

    The Los Angeles Times reports that labor and consumer groups are criticizing an "Ethical Charter" released by North American companies in the food industry pledging to adhere to the law and to "international expectations" in obtaining produce from Mexican farms for failing to include an enforcement mechanism, including "audits by trained inspectors," in its provisions.

  • UN Launches "Green" Digital Finance Initiative

    January 25, 2017

    As part of its efforts to divert global investment funds toward climate-friendly projects, the UN Environment Programme and a Chinese financial services provider have launched a Green Digital Finance Alliance that aims to promote global "green finance" for the UN's sustainable development agenda and to encourage climate-friendly lifestyles in China.

  • WEF Signs Plastics Companies to Action Plan

    January 24, 2017

    The World Economic Forum has highlighted how international and nongovernmental organizations seek to make binding policy changes out of business pledges by signing more than 40 leaders from plastic companies to a New Plastics Economy initiative setting out a "global action plan" on expanding recycling practices.

  • NGOs Extract Sustainability Pledge from Korindo

    January 23, 2017

    Demonstrating the influence of nongovernmental organizations (NGOs) in pressuring companies to sign on to their "sustainability" agenda, the website Eco-Business reports that manufacturing company Korindo has responded to NGO accusations of irresponsible forestry practices in Indonesia by pledging to perform impact assessments before taking action on forested land.

  • UK Businesses Support Report on Fulfilling SDGs

    January 23, 2017

    A group of British companies have published a letter supporting a Business & Sustainable Development Commission report asserting that government measures focused on achieving the UN Sustainable Development Goals (SDGs) will contribute to massive economic growth and create a world that is "comprehensively sustainable."

  • Shipping Companies Object to EU Emissions Plan

    January 17, 2017

    Reuters reports that representatives of the shipping industry have objected to an EU vote to include shipping companies in the bloc's emissions trading system, which applies a tax to businesses to offset their greenhouse gas emissions, arguing that the unilateral application of emissions rules would "create market distortion while generating trade disputes."

  • Google Announces Achievement of Climate Pledge

    January 16, 2017

    As part of a nongovernmental organization-led coalition of companies that have responded to environmental activist pressure by committing to ambitious renewable energy goals, technology giant Google has announced that it will fulfill its promise to rely completely on renewable electricity beginning in 2017.

Total Records: 165
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