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NGOs Call for Mandatory BHR "Due Diligence" in Germany
August 23, 2017
A group of global nongovernmental organizations has proposed legislation for Germany that would require companies to perform "due diligence" to monitor and remedy human rights impacts in their operations and their global supply chains, in line with the UN Guiding Principles on Business and Human Rights (BHR).
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Environmentalists Criticize Australian Bank's Climate Statement
August 23, 2017
The Guardian reports that environmental activists have criticized Commonwealth Bank, the largest bank in Australia, for failing to include in its recent climate statement, committing to the 2015 Paris deal on global warming, sufficient specificity on how it will divest from fossil fuel assets and work toward achieving the agreement's objectives.
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Dutch Board Censures Companies over Energy Ad
August 23, 2017
The Dutch Advertising Code Authority has ruled that fossil fuel giants Shell and Exxon misled the public by claiming in advertisements that natural gas was the “cleanest fossil fuel,” based on the Board’s conclusion that natural gas causes damage to the environment.
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Vanguard Pushes for Corporate Climate Reporting
August 23, 2017
Reuters reports that, as part of a broader move within the financial industry toward public disclosure of environmental and social impacts, Vanguard, a US fund company managing $4 trillion in investments, is pushing companies in which it invests to publish climate change risk assessments.
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GRI Forum Considers Corporate Reporting Complexity
August 22, 2017
The Global Reporting Initiative (GRI) and the World Federation of Exchanges recently engaged at a forum in London with businesses, investors, and stock exchanges regarding concerns over the complexity of overlapping environmental, social, and governmental reporting standards and over the relevance to investors of current corporate reporting on these issues.
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