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NGO Criticizes Removal of Countries from EU Tax "Blacklist"
January 24, 2018
The nongovernmental organization Oxfam has criticized EU finance ministers for their decision to remove eight countries from the bloc's "blacklist" scrutinizing jurisdictions viewed as corporate tax havens, calling for more transparency on reasons behind removing such countries from the list and pushing for the inclusion of low-tax EU countries on the list.
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GRI Series Targets "Sustainability" Reporting in Food Industry
January 24, 2018
The Global Reporting Initiative (GRI) and a group of civil society and academic partners have launched a Materiality Roundtable Series to guide businesses and investors on how to properly report and evaluate their impacts on "sustainable development" in the food and agriculture sectors.
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EC Pushes Human Rights, Climate Agenda in Trade Scheme
January 24, 2018
The European Commission (EC) has issued a press release touting the success of its "duty-rebate" trade scheme with non-EU countries, through which it lowers trade barriers in exchange for these countries' implementation of the global business and human rights and environmental agenda, in advancing labor standards and combating global warming.
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World Bank Launches Sustainable Development Bond
January 19, 2018
Further highlighting its embrace of the UN Sustainable Development Goals as a key element of its funding model, the World Bank has issued a Sustainable Development Bond worth over one billion Canadian dollars with the aim of "advancing gender equality and the empowerment of women."
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New York City Files Climate Suit Against Energy Companies
January 19, 2018
The Washington Post reports that the government of New York City has filed a federal lawsuit against the five largest publicly traded oil companies in the world for compensation related to the current and future impacts of global warming and has announced its public pension plans will divest up to $5 billion from companies with ties to fossil fuels.
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