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EC Sets out Draft Rules on “Sustainable” Investment Advice
January 16, 2019
Earlier this month, the European Commission (EC) published draft rules, which will go into effect upon the EU’s adoption of financial disclosure provisions on social and environmental issues, setting out how financial companies should consider the UN’s “sustainable development” agenda when advising clients on their investments.
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UK Court Rejects Claim Against Mining Subsidiary
January 16, 2019
Expatica reports that a UK court determined claimants had not established the liability of a subsidiary of a company headquartered in Britain for alleged police violence related to its mining operations in Sierra Leone, in a potential blow to future lawsuits seeking redress in Western legal systems for alleged rights abuse in developing countries.
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Academics Push for Social, Corporate Reform Alongside Climate Action
January 16, 2019
An article on the website Project Syndicate blames the global lack of action to combat climate change on voters’ increased focus on social issues, calling for the linkage of “social justice” reforms, including “reining in” corporate power and governance, with climate change to adequately address the environmental phenomenon.
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Activists Turn to “Climate Liability” Strategy
January 16, 2019
An article on the website Climate Liability News asserts that the year 2018 saw an “explosion” across the world of lawsuits demanding corporate compensation for alleged contributions to global warming and government action to force energy companies to limit their greenhouse gas emissions, including by using arguments in favor of “rights” against climate change.
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Canadian Lawmakers Seek Corporate Labor Reporting Mandate
January 15, 2019
Samantha Beattie reports that Canadian legislators have followed the trend of recent legislation in the UK and Australia by introducing a bill that would require businesses to file annual reports on steps they have taken to rid their global supply chains of forced labor.