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UN Body Launches Economic “Sustainability” Tool
April 23, 2019
The UN Environment Programme has launched a Sustainable Consumption and Production Hotspots Analysis Tool to provide online guidance to governments on how to alter supply chains and production and consumption patterns to better comply with UN environmental goals for “sustainable development.”
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World Bank Seeks Environmental “Revolution” with Green Bonds
April 23, 2019
An article from the World Bank on its work with nongovernmental organizations to develop “green bonds” worth over $13 billion with the aim of increasing investment in the global climate change agenda demonstrates the symbiotic relationship between NGOs and the development institution in the promotion of a united, global environmental policy.
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Canada Appoints Watchdog on “Responsible Enterprise”
April 10, 2019
The CBC reports that the Canadian government has announced the appointment of an “ombudsperson for responsible enterprise” but has disappointed activist groups by not specifying the scope of the powers granted to the new office to investigate alleged corporate human rights violations committed abroad.
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NGO: Business Activity in Israeli Settlements Violates UNGPs
April 04, 2019
An Amnesty International report asserts that any business activity in or with the Israeli settlements in “occupied” Palestinian territory violates the UN Guiding Principles on Business and Human Rights (UNGPs) and calls on businesses to conduct due diligence to ensure they are not contributing to “war crimes” in these settlements.
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Norwegian Wealth Fund Divests from Fossil Fuel Exploration
April 04, 2019
The Guardian reports that Norway’s $1 trillion sovereign wealth fund has announced it will remove investments from companies engaged in oil and gas exploration in an effort to reduce exposure to oil prices that are declining as UN and activists increase pressure on companies to switch to renewable energy projects.
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