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GRI Highlights Focus Areas for "Sustainability" Reporting
February 16, 2017
The Global Reporting Initiative (GRI) and think tank and advisory firm SustainAbility have published the findings of GRI's Corporate Leadership Group on Reporting 2025 on focus areas for future corporate disclosure in line with the UN Sustainable Development Goals, including reporting on climate change, human rights, and wealth inequality.
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White House Seeks Suspension of Minerals Rule
February 15, 2017
Reuters reports that a draft Trump Administration directive, citing large business costs related to a US Securities and Exchange Commission rule requiring disclosure of whether companies use "conflict minerals" from war-torn areas of Africa in their products, proposes a two-year suspension of the rule and a review of its consequences.
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Tribunal Allows Rights Claim Under Trade Treaty
February 15, 2017
An article by Naomi Briercliffe of Allen & Overy LLP describes how a recent case by an Argentina-Spain investment tribunal finding, in principle, that governments can recover remedies from private companies for violating the right to "adequate housing and living conditions" could provide a basis for future human rights claims against businesses under investment treaties.
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Legal Alert Warns Retailers on BHR Scrutiny
February 15, 2017
A client alert from the law firm Pillsbury Winthrop Shaw Pittman describes comments from the UK’s Parliamentary Joint Committee on Human Rights regarding fashion retailers' adherence to the global business and human rights (BHR) agenda and advising retailers to follow reporting and other BHR guidance on ridding their supply chains of forced labor.
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UN Backs Principles for "Sustainability" Finance
February 14, 2017
The UN Environment Finance Initiative has contributed, with the support of nearly 20 large banks and investors, to the development of a set of Principles for Positive Impact Finance to be used by investors in determining whether financing opportunities are aligned with the UN's comprehensive Sustainable Development Goals.
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