Stakeholder Capitalism

OECD Seeks Global Standards on “Impact Investing”

January 31, 2019

The Organisation for Economic Co-operation and Development (OECD) has published a report calling for the creation of global standards defining “social impact investment” to help align such financing with “core development, social and environmental areas” that help advance the UN Sustainable Development Goals.
UN Plans Promotion of SDG Action in Davos

January 16, 2019

The UN Global Compact illustrates how it, along with private sector, NGO, and international organization partners, will seek to influence discussions on business initiatives aimed at achieving the UN Sustainable Development Goals (SDGs) with a “Sustainable Impact Hub” at the upcoming World Economic Forum in Davos.
UN Network Chief Seeks Embedding of SDGs in Business Models

January 16, 2019

The head of the UN’s Global Compact Network in Kenya, Judy Njino, argues that it is in companies’ self-interest to make the UN Sustainable Development Goals (SDGs) “a defining feature of contemporary business strategy and operations” and urges businesses to work in the interest of everyone impacted by their operations, including “the planet.”
Marriott Faces Peruvian OECD Complaint over Hotel Construction

January 16, 2019

A group of Indigenous people in Peru has filed a complaint against Marriott with the Peruvian National Contact Point for the OECD Guidelines for Multinational Enterprises alleging rights violations related to the hotel chain’s destruction of an Inca temple and unauthorized excavations surrounding a planned hotel site.
UN Body Ramps up Pressure on Companies to Set Emissions Targets

January 08, 2019

The UN Global Compact has called on businesses to aspire to “a new level of ambition” in setting their “science-based targets” for reducing greenhouse gas emissions in pursuit of the global climate change agenda and called for all corporate climate action to comply with the UN’s “sustainability” and human rights goals.
OECD, UN, World Bank Push G20 on Green Investments

December 19, 2018

The Organisation for Economic Co-operation and Development (OECD), the UN Environment Programme, and the World Bank have released a statement calling on leaders of Group of 20 (G20) countries to support a “radical shift” of global investments into “climate-resilient infrastructure” that helps achieve the UN’s Paris climate accord.
ILO, EU, OECD Launch Asian Corporate Responsibility Initiative

December 13, 2018

The International Labour Organization (ILO), EU, and Organisation for Economic Co-operation and Development (OECD) have launched a three-year initiative pushing for companies operating or engaging with suppliers in six Asian countries to comply with global social and environmental standards.
UN Report Seeks Rights-Centered Corporate SDG Strategies

December 13, 2018

The UN Global Compact has published a report explaining how companies around the world must “adopt a principles-based approach that places human rights at the centre of their strategy” to achieve the UN Sustainable Development Goals (SDGs), including through human rights “risk assessments” and supporting rights throughout their supply chains.
UN Official Warns of Global Warming as Human Rights Threat

December 12, 2018

Reflecting long-standing calls from nongovernmental organizations to jumpstart the corporate “climate action” agenda by linking it to human rights and sustainable development, UN Global Compact Executive Director Lise Kingo identifies global warming as a “new man-made threat” to the Universal Declaration of Human Rights.
Australian Government Reforms OECD Contact Point

December 10, 2018

In November, the Australian Treasury Department announced a series of reforms to the country’s National Contact Point for the OECD Guidelines for Multinational Enterprises, including the creation of an “Independent Examiner” and advisory board to increase the body’s independence and reduce its accountability to government.