Stakeholder Capitalism

UN Praises Companies Calling for Carbon Tax

June 03, 2015

Correlating the development with UN pressure on companies to implement the international climate change agenda, the UN Global Compact applauded a statement by a group of energy companies calling for governments to impose taxes on corporations for their carbon emissions.
Asian Exchanges Join UN Sustainability Initiative

May 27, 2015

Four East Asian stock exchanges recently joined the UN’s Sustainable Stock Exchanges initiative, which requires these exchanges to push businesses they list to report on their social and environmental impacts, bringing the total number of exchanges in the initiative to 23.
UN Seeks Buy-in from Businesses on Climate Agenda

May 27, 2015

The UN Global Compact and a group of nongovernmental organizations have launched an initiative seeking to pressure 100 companies to commit to reduce their greenhouse gas emissions by 2015 in line with UN predictions of disastrous climate change effects.
Academics Push for More Effective NCP System

May 07, 2015

Professors John Ruggie and Tamaryn Nelson of Harvard University have called on countries to make their national contact points ("NCP") for implementing the OECD Guidelines for Multinational Enterprises more effective by penalizing companies that decline to engage in the NCP process.
Company Faces Penalties for Not Participating in NCP Process

April 29, 2015

The Canadian National Contact Point ("NCP") for the OECD Guidelines for Multinational Enterprises has announced that mining company China Gold may no longer receive advocacy support from the Government after it failed to respond to requests for NCP mediation over human rights allegations against the company.
UN Workshop Presses Businesses on Indigenous Rights

April 28, 2015

UN Global Compact recently held a workshop for business leaders and people from indigenous groups to press companies on the "business case" for respecting the UN's agenda on indigenous people's rights.
UN Pushes Sustainability Agenda Among Gulf Businesses

April 22, 2015

The UN Global Compact ("UNGC") and the nongovernmental organization The Pearl Initiative recently held an event in Dubai seeking to press businesses in the Gulf Region to join the UNGC and promote the organization's global sustainability agenda.
UN Seeks Report from Stock Exchanges on Sustainability

April 22, 2015

The UN Global Compact is calling on stock exchanges in its Sustainable Stock Exchanges program to publish a Communication to Stakeholders demonstrating the level of their commitment to advancing the UN's "sustainability" agenda.
Formula One Commits to BHR Agenda in NCP Mediation

April 22, 2015

Americans for Democracy & Human Rights in Bahrain reports that in mediation overseen by the U.K. National Contact Point ("NCP") for the OECD Guidelines for Multinational Enterprises, the company Formula One committed to implement the global business and human rights ("BHR") agenda in its operations.
UN Pushes ESG in Development Finance

April 15, 2015

In a recent panel at the Third International Financing for Development Conference at the UN, a UN Global Compact panel pushed for the consideration of environmental, social, and governance ("ESG") factors in investment decisions of governments and corporations.