Stakeholder Capitalism

Governments Agree Roadmap for Corporate Tax Negotiation

June 05, 2019

Countries involved with the OECD and G20’s Inclusive Framework on Base Erosion and Profit Shifting (BEPS) have agreed a roadmap for the negotiation of a global deal aimed at ensuring that multinational companies pay a minimum level of tax.
Fashion Brands Agree to Implement Short-Term Contract Ruling

June 05, 2019

Reuters reports that global fashion brands Levi’s, H&M, and Gap have agreed to attempt to force one of their suppliers to implement a ruling by an arbitration council requiring the supplier to replace the short-term contracts it had struck with 408 workers in Cambodia with permanent arrangements.
Report Criticizes Garment Companies’ Efforts Toward “Living Wage”

June 05, 2019

Researchers from the Sheffield Political Economy Research Institute have published a report alleging that companies in the garment industry are failing to meet pledges to ensure workers in their supply chains receive a “living wage” and criticizing the “outsourcing” of these efforts to external initiatives.
UN Network Joins Initiative on Private Sector SDG Action

June 03, 2019

As part of its efforts to advance the UN Sustainable Development Goals (SDGs), the UN Global Compact has announced that it has joined an initiative called P4G that pushes for public-private partnerships in support of “green growth” and five of the broad targets contained in the SDGs.
Dutch Law Requires Corporate “Due Diligence” on Child Labor

June 03, 2019

The passage by the Dutch Parliament of a law imposing a duty of “due diligence” on corporations to address child labor in their global supply chains highlights the move by rights activists and governments away from voluntary corporate conduct standards and toward mandatory reporting and other requirements.
Unilever Signs Deal with Unions Limiting Temporary Workers

May 31, 2019

Raising questions about the impacts of such global labor rights commitments on the workforce, consumer products company Unilever has signed an agreement with two global unions to restrict the use of temporary workers in its factories and to engage in “human rights due diligence.”
Nestlé Shares How It Trains Employees in Human Rights

May 31, 2019

As part of the food and beverage company’s collaboration with the Danish Institute for Human Rights, Nestlé has publicly shared its employee training on human rights issues for use by other companies.
H&M Publishes Details of Every Clothing Supplier

May 31, 2019

Under pressure from nongovernmental organizations that wish to ramp up their scrutiny of human rights impacts in global apparel supply chains, fashion company H&M has agreed to publicly list the suppliers of every garment it sells, and now faces calls to list even more information, including the wages paid by its suppliers.
Dutch Body Finds Global Rules for Climate Action by Banks

May 30, 2019

In April, according to the activist organization Oxfam, the Dutch National Contact Point for the OECD Guidelines for Multinational Enterprises found these Guidelines require banks to set climate goals for their financial services, including by divesting from fossil fuel projects, to help fulfill the UN’s Paris climate accord.
UK Seeks “Duty of Care” for Online Content

May 30, 2019

In April, the UK government announced it would seek to impose a “legal duty of care” on internet companies to ensure the “safety” of people who use their platforms and to establish an independent office to regulate a broad variety of online content, including incitement, cyberbullying, and disinformation.