Business Impacts

  • EU Creates Committee to Encourage "Green" Securities

    July 14, 2017

    The EU has established a Green Securities Steering Committee to promote the nascent market for “green debt” in Europe by establishing standards, setting favorable regulations, and encouraging supply and demand for environmentally friendly investments to help reach "EU climate objectives and green infrastructure goals."

  • NGOs Criticize Funding for "Extreme Fossil Fuels"

    July 14, 2017

    A group of environmental organizations has released a report warning that bank funding of "extreme fossil fuel" projects, such as coal mining and “dirty oil” extraction, will push greenhouse gas emissions beyond what is required under the obligations of the Paris Climate Accord.

  • Dutch Official: Companies Must Push Countries on BHR

    July 13, 2017

    In a recent speech, Dutch Minister for Foreign Trade and Development Cooperation Lilianne Ploumen touted her government's expansive commitments to furthering the global BHR agenda in its trade policy and called on businesses to go beyond their own supply chains in pushing foreign governments to bolster their BHR policies.

  • FIFA Joins Human Rights "Steering Committee"

    May 24, 2017

    The Institute for Human Rights and Business (IHRB) has announced that the International Federation of Association Football (FIFA) has joined the Steering Committee of the IHRB's Mega-Sporting Events Platform for Human Rights, a consultative body intended to pressure sports bodies and companies to implement the business and human rights agenda.

  • Skeptics Question "Sustainable Finance" Products

    May 18, 2017

    Reuters reports that, while a report from an alliance of organizations advocating "sustainable investment" indicates a growing movement toward "ethical, sustainable and socially responsible" finance, skeptics of such investment products question whether they actually contribute to the global "sustainability" agenda.

  • Microsoft, UN Partner on Rights-Monitoring

    May 17, 2017

    The Office of the UN High Commissioner for Human Rights and technology giant Microsoft have announced a five-year partnership to use enhanced technology to monitor human rights violations around the world and to promote broader corporate adoption of the UN Guiding Principles on Business and Human Rights.

  • Utility Company Pursues "Green Bond" Market

    May 15, 2017

    French utility company Engie has announced its release of a second "green bond," valued at 1.5 billion euros and aimed at investments in renewable energy projects that will help fulfill the UN's climate change and "sustainable development" agendas.

  • Lawyers: CSR Statements Heighten Legal Risks

    May 09, 2017

    Miles Pittman and Rick Williams of the law firm Borden Ladner Gervais LLP write that Canadian courts are increasingly accepting business statements in favor of corporate social responsibility (CSR) and participation in business and human rights initiatives as grounds for holding companies responsible for alleged harms caused by their foreign subsidiaries.

  • Company Launches "Next-Gen" Platform to Advance SDGs

    May 03, 2017

    Global software company SAP has launched a Next-Gen Global Challenges platform through which it is soliciting ideas, for public release at a New York summit in October, to pressure industry leaders into fulfilling the UN's comprehensive Sustainable Development Goals.

  • Activists Demand Transparency in Textile Supply Chains

    April 26, 2017

    A coalition of unions and advocates has published a report calling for apparel and footwear companies to disclose the overseas factories used in their supply chains to increase transparency and ensure compliance with the UN Guiding Principles on Business and Human Rights.

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