Stakeholder Capitalism

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.
Belt and Road Countries Promote UN Business Principles

May 29, 2019

Leaders of 40 countries issued a statement at a recent forum on China’s massive Belt and Road infrastructure development initiative pledging to respect the principles of the UN Global Compact corporate network and push businesses participating in the initiative to contribute to the fulfillment of the UN Sustainable Development Goals (SDGs).
Dutch NCP Alleges Failings in Broad Review of Energy Sector

May 08, 2019

In its first-ever “sector scan” of companies operating in the Dutch energy industry, the Dutch National Contact Point (NCP) for the OECD Guidelines on Multinational Enterprises alleged that these businesses are failing to adhere to global human rights and environmental standards and calls for government “consequences” for reporting failures.
UN Roundtable Targets Chinese Contributions to SDGs

April 30, 2019

The UN Global Compact recently convened a roundtable discussion among corporate CEOs in Beijing to discuss how to achieve “responsible business practice” and further the UN Sustainable Development Goals (SDGs), particularly in the context of China’s massive Eurasian infrastructure project known as the Belt and Road Initiative.
UN “Roadshow” Pushes for Corporate SDG Investment

April 30, 2019

In March, the UN Global Compact helped organize the inaugural Sustainable Development Goals (SDG) Investment Forum in São Paulo, Brazil, as the first of a “roadshow” of events that will encourage companies and investors to funnel more money into achieving the comprehensive social and environmental targets of the SDG agenda.
Samsung Faces OECD Complaint over Crane Accident

April 30, 2019

A workers’ initiative and a nongovernmental organization have filed a complaint against Samsung with OECD national contact points in South Korea, France, and Norway alleging the company’s violation of global labor standards in its involvement in and response to a fatal crane accident in South Korea.
UN Chief Forms CEO Alliance on SDG Finance

April 24, 2019

UN Secretary-General António Guterres has announced the formation of a Global Investors for Sustainable Development alliance of CEOs from large companies who will offer advice on funneling global investments into achieving the social and environmental targets of the UN Sustainable Development Goals (SDGs).
EU Ministers Approve List of “Non-Cooperative Tax Jurisdictions”

March 13, 2019

EU finance ministers have approved a new European Commission-developed list of “non-cooperative tax jurisdictions” to pressure countries to “come into line with international standards on transparency and fair taxation,” especially of corporations.
German UN Network Seeks Corporate Climate Pressure on Suppliers

March 07, 2019

Corporate representatives from the UN Global Compact Network Germany have published a discussion paper considering best practices for businesses in calculating and reducing greenhouse gas emissions in their supply chains in compliance with the global agenda against climate change.
UN, GRI Train Companies on SDG Reporting

March 06, 2019

The UN Global Compact and the Global Reporting Initiative (GRI) have announced a new stage in their partnership pushing companies around the world to adopt guidance on how to report on their contributions to the achievement of the UN Sustainable Development Goals (SDGs).