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UN Seeks $2.5 Trillion in Financing for SDGs
February 05, 2019
The UN Global Compact recently issued a statement calling for businesses and governments to work together to close what it estimates is a financing gap of $2.5 trillion per year needed to cover the full cost of achieving the UN Sustainable Development Goals (SDGs).
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OECD, G20 Push for Global Rules on Taxing Digital Companies
February 04, 2019
The Organisation for Economic Co-operation and Development (OECD) has announced progress among members of a joint framework of the OECD and the Group of 20 (G20) countries in agreeing a global set of rules on taxing the “digital economy.”
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Canadian Court Dismisses Lawsuit over Foreign Factory Collapse
February 04, 2019
The Ontario Court of Appeal recently applied Bangladeshi law to dismiss a class action lawsuit seeking damages from a Canadian supermarket chain over the fatal collapse of a factory used by its suppliers in Bangladesh.
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German Body Seeks Closure of All Coal Plants
February 04, 2019
The Los Angeles Times reports that a German government commission has issued recommendations seeking the closure of all of the country’s coal power plants by the year 2038 in favor of a move to renewable energy and $45 billion in spending for regions affected by the policy, in line with the goals of the UN’s Paris climate accord.
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NGO Seeks Broad BHR Measures in Australia
February 04, 2019
The Human Rights Law Centre has published a report calling on the Australian government to address alleged overseas human rights violations by Australian corporations by adopting laws strengthening the country’s OECD contact point, requiring companies to perform “human rights due diligence,” and implementing the UN’s business and human rights (BHR) regime.
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