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EC Sets out Draft Rules on “Sustainable” Investment Advice
January 16, 2019
Earlier this month, the European Commission (EC) published draft rules, which will go into effect upon the EU’s adoption of financial disclosure provisions on social and environmental issues, setting out how financial companies should consider the UN’s “sustainable development” agenda when advising clients on their investments.
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Academics Push for Social, Corporate Reform Alongside Climate Action
January 16, 2019
An article on the website Project Syndicate blames the global lack of action to combat climate change on voters’ increased focus on social issues, calling for the linkage of “social justice” reforms, including “reining in” corporate power and governance, with climate change to adequately address the environmental phenomenon.
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Activists Turn to “Climate Liability” Strategy
January 16, 2019
An article on the website Climate Liability News asserts that the year 2018 saw an “explosion” across the world of lawsuits demanding corporate compensation for alleged contributions to global warming and government action to force energy companies to limit their greenhouse gas emissions, including by using arguments in favor of “rights” against climate change.
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Canadian Lawmakers Seek Corporate Labor Reporting Mandate
January 15, 2019
Samantha Beattie reports that Canadian legislators have followed the trend of recent legislation in the UK and Australia by introducing a bill that would require businesses to file annual reports on steps they have taken to rid their global supply chains of forced labor.
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Activists Eye “Attribution Science” as Climate Compensation Tool
January 11, 2019
Lawyer Stephanie Morton explains how campaigners on climate change are using an emerging field called “probabilistic event attribution science” to place various levels of blame on companies over their contributions to global warming with an eye to extracting resources from them to redistribute to alleged victims of their “climate impacts.”
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EU Council Agrees Position on Financial ESG Reporting
January 11, 2019
The Council of the EU recently agreed to a common position on requiring financial companies to disclose how they are integrating “environmental, social and governance” (ESG) impacts into their investment decisions and creating new benchmarks aimed at producing more information on the “carbon footprint” of investment portfolios.
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“Green New Deal” Plan Includes Vast Changes to Industry
January 09, 2019
Tom Elliott of Grabien examines the plan championed by newly elected House of Representatives Member Alexandria Ocasio-Cortez for a “Green New Deal,” which echoes the comprehensive UN Sustainable Development Goals in targeting a vast reorganization of American industry in pursuit of social and environmental goals.
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UN, Partners Host Event on “Investment-Ready” Climate Projects
January 09, 2019
The UN Development Programme, the World Bank, and consulting company World Climate Ltd organized an inaugural “Investment Conference of Parties (COP)” at the recent UN climate summit in Poland pushing global and regional investors to fund projects aimed at combating the impacts of climate change.
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UN Report Examines National Plastics Strategies
January 09, 2019
The UN Environment Programme has produced a report describing national efforts across the globe to limit and regulate the manufacture, sale, and use of so-called “single-use” plastics and microplastics to help guide research on future measures to combat the production and use of such plastics.
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NGO Rates European Asset Owners on Climate Action
January 08, 2019
The environmental activist organization WWF recently published a report rating European owners of large assets on their efforts to align their portfolios with the goals of the UN’s Paris climate pact, while calling for the creation of “harmonised frameworks” requiring climate disclosure in the investment industry.