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Ruggie Refutes Narrow Interpretations of UNGPs
March 08, 2017
In a letter on the meanings of key terms in the UN Guiding Principles on Business and Human Rights (UNGPs), Harvard Professor and creator of the UNGPs John Ruggie writes that they encompass a broad scope of conduct businesses must assess across their operations and relationships.
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NGO: Action on SDGs Fulfills Duties Under UNGPs
March 02, 2017
In a report for a commission of business representatives and others seeking fulfillment of the UN Sustainable Development Goals (SDGs), the nongovernmental organization Shift calls for businesses to abide by the UN Guiding Principles on Business and Human Rights (UNGPs) by recognizing their responsibility to contribute to the SDGs in their operations and supply chains.
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Energy Companies Brace for Singapore Carbon Tax
March 02, 2017
Reuters reports on the potentially substantial impacts of Singapore's announced tax on greenhouse gas emissions beginning in 2019, in line with the UN's climate deal agreed in Paris in 2015, on multinational energy companies involved in fossil fuel development in the city-state.
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European Businesses Split on Carbon Tax
March 02, 2017
An article in Bloomberg reveals a split between some European utility and energy companies on the need for European leaders to pursue a global trend, urged on by the UN and environmental activists, to set a minimum tax on the price of greenhouse gas emissions to encourage the development of alternative energy sources.
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EU Parliament Revises Carbon Trading Scheme
March 02, 2017
The Guardian reports that environmental activist groups are criticizing for lack of ambition legislation passed in the European Parliament gradually reducing the number of emissions allowances granted to EU businesses to drive up the cost of using fossil fuels across the bloc.