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World Bank, Japan Funnel Investments into “Sustainable” Bonds
May 30, 2019
In April, the World Bank announced an expanded partnership with Japan’s Government Pension Investment Fund to push asset managers to invest in “Green, Social and Sustainable Development Bonds” issued by the World Bank and International Finance Corporation.
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Industry Initiative Seeks “Sustainability” in Chemical Supply Chains
May 30, 2019
The German chemical industry sustainability initiative Chemie³ has published guidance for medium-sized chemical companies on how to ensure their supply chains meet global sustainability standards.
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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.
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Shell Quits Lobbying Group over Climate Stance
May 30, 2019
CNN reports that energy giant Shell, facing pressure from activists criticizing oil and gas companies for failing to take action on global warming, has quit the American Fuel and Petrochemical Manufacturers lobby, which has not publicly supported the UN’s Paris climate deal and opposes taxing fossil fuel emissions.
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Foundation Launches Global Registry of Apparel Suppliers
May 30, 2019
The C&A Foundation has launched an Open Apparel Registry as a public tool that seeks to identify every apparel factory in the world to permit nongovernmental organizations to investigate alleged violations of labor rights in the complex supply chains of fashion brands.
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