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UN Rights Office Provides BHR Guidance for Banks
August 10, 2017
The Office of the UN High Commissioner for Human Rights has provided broad guidance, in response to a request from a nongovernmental organization, on factors giving rise to a bank's involvement in a violation of the business and human rights (BHR) agenda, as well as its responsibility to redress such a violation and provide access to a "grievance mechanism."
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FIFA Publishes Human Rights Policy
August 10, 2017
The International Federation of Association Football (FIFA) has published its first Human Rights Policy, seeking to assure activists and other critics of the organization's past practices of its future commitment to the UN Guiding Principles on Business and Human Rights.
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Australian Bank Faces Lawsuit over Climate Reporting
August 09, 2017
Reuters reports that nongovernmental organization Environmental Justice Australia is managing the lawsuit of two shareholders in the Commonwealth Bank of Australia alleging that the bank broke the law by failing to include in its financial statements risks posed by climate change to its investment portfolio.
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Global Organizations Prepare Toolkit on Offshore Taxation
August 09, 2017
The International Monetary Fund, the Organisation for Economic Co-operation and Development, the UN, and the World Bank Group are seeking public feedback on the draft of a toolkit designed to guide developing nations in implementing taxation of offshore indirect transfers of assets, often used by businesses to lower their effective tax rates.
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WHO Meeting Promotes “Sustainable” Drug Pricing
August 09, 2017
The UN World Health Organization (WHO) hosted a closed-door meeting of government officials and other health policy stakeholders to discuss options for increased global governance over drug pricing to promote “fair” and “sustainable” pricing to ensure "universal access to essential medicines and other health technologies."
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