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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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Standard Setters Seek Global Alignment of “Sustainability” Reporting
April 04, 2019
Standard setters and others participating in the Corporate Reporting Dialogue are engaged in an international consultation process considering how best to align frameworks for corporate reporting on “sustainable development” and how to integrate social and environmental data into financial reports.
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New York Yankees Sign UN Climate Action Framework
April 03, 2019
Demonstrating the ongoing pressure from the UN and nongovernmental organizations on businesses to show they are seeking to combat global warming, the New York Yankees baseball club has signed on to the UN Sports for Climate Action Framework, pledging to reduce and offset its carbon emissions and promote “climate awareness.”
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