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UK Commission Seeks Law on Pensions' "Social Impact"
January 03, 2018
The Thomson Reuters Foundation reports on proposals from the UK's Law Commission for legislation requiring UK pension funds to review the "social impact" of the investments they make and mandating that the UK's Financial Conduct Authority issue guidance on considering "non-financial factors" when investing.
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Article Reviews French, British BHR "Diligence" Legislation
January 03, 2018
A group of attorneys from law firm Freshfields Bruckhaus Deringer describe the current state of business and human rights (BHR) "due diligence" legislation in France and the UK, finding that France has moved beyond Britain in penalizing businesses that fail to show they are monitoring and addressing BHR risks in their supply chains.
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Norway's Wealth Fund Plans Divestment from Oil, Gas
January 03, 2018
Bloomberg reports that Norway's central bank has announced plans to divest money in the country's $1 trillion wealth fund from oil and gas projects and companies "to spread the risks for the state’s wealth" beyond what it perceives as declining future fossil fuel prices in light of global climate action.
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Canadian Courts Hear Foreign Human Rights Cases
January 02, 2018
An article in The National Post highlights three rulings in Canada that may demonstrate a new willingness by the Canadian judiciary to hear claims of human rights violations committed on foreign soil by subsidiaries of Canadian mining companies.
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Article: BHR Due Diligence Must Consider Broad "Impacts"
January 02, 2018
David Birchall, a Fellow of the Business and Human Rights Journal, writes on the need for corporations to include in their business and human rights (BHR) due-diligence assessments human rights "impacts," such as tax avoidance and high pricing of important products, that do not reach the level of a "violation" of international human rights law.
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