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NGOs Obtain Ombudsman Critique of IFC Mine Project
September 13, 2016
Responding to a complaint filed by nongovernmental organizations warning of the potential environmental impacts of a private Colombian mine project to be financed by the International Finance Corporation, the IFC's independent ombudsman found that the organization had not performed a proper assessment of the possible biodiversity consequences of the project.
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GRI Seeks More Extractives Reporting in Australia, Asia
September 13, 2016
A report from the Global Reporting Initiative calls for more companies in the extractives industry in Australia and Asia to use GRI reporting standards to publicly disclose their "social, environmental and economic impacts" and seeks more robust reporting on particular issues of concern unique to energy and mining companies.
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Activist Firm Petitions UK on Climate Disclosure
September 09, 2016
Environmental law firm ClientEarth has filed letters with the UK Financial Reporting Council complaining that two energy companies failed to adequately disclose the "material risks" ClientEarth says global warming poses to their businesses in their annual financial reports.
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GRI Pushes "Stakeholder" Sustainability Consultations
September 09, 2016
In recent remarks, Michael Nugent of the Global Sustainability Standards Board, a Global Reporting Initiative body that sets business standards to advance the sustainable development agenda, explains how consulting all "stakeholders" impacted by corporate operations is a key component of sustainability standards.
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UK Backs Legislation to Publicize Tax Data
September 07, 2016
Under pressure from a global movement of organizations and activists to clamp down on corporate tax avoidance, the BBC reports that the UK Government has offered its support to legislation that would require the country's Treasury to publish more data on the payment of corporate taxes.
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