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US Issues Rule on Disclosure of Government Payments
July 12, 2016
The US Securities and Exchange Commission has issued a rule, as mandated under the Dodd-Frank financial services reform legislation, requiring companies engaged in oil, gas, and mineral development activities to report the amount of any payments they make to US and foreign governments.
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Companies Sign on to UN Initiative on Emissions Reduction
July 12, 2016
As the UN and NGOs ramp up pressure on corporations to help implement the UN climate deal and Sustainable Development Goals, the UN Global Compact has announced that 168 companies have made commitments to reduce their greenhouse gas emissions as part of the UNGC's Science Based Targets Initiative.
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EU Council Seeks Progress on BHR Remedies
July 12, 2016
The Council of the EU has issued a document reviewing its progress to date on advancing the UN's business and human rights agenda, including through pressure on EU member states to develop comprehensive BHR action plans, and calling for an EU-wide BHR action plan to further access to remedy for alleged victims of human rights violations.
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WEF Panel Seeks "Future-Proofed" Climate Goals
July 11, 2016
A panel hosted at a recent World Economic Forum summit in China called for governments and the private sector to expand upon their commitments under the UN climate deal agreed in Paris last year to "future-proof" corporate operations against the risks of global warming.
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UN Influences CEOs with BHR, Sustainability Agendas
July 11, 2016
The UN Global Compact has produced a study with consulting company Accenture that seems to demonstrate the broad impact of the UN and nongovernmental organizations on the willingness of corporate CEOs to support the global sustainability and business and human rights agendas.
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