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UN Initiative Pushes Companies on Emissions Targets
May 11, 2016
The UN Global Compact has announced that over 150 companies around the world have signed on to its Science Based Targets Initiative and thus have subjected themselves to review of their targets for the reduction of greenhouse gas emissions by UN and NGO representatives.
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UN Women's Rights Body Considers Swiss Financial Policies
May 11, 2016
A coalition of NGOs has successfully petitioned the UN Committee on the Elimination of Discrimination against Women to seek information from the Government of Switzerland, as part of its review of the country, on the impacts of the government's financial disclosure policies on the realization of the rights of women in foreign countries.
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US Court Dismisses India Pollution Case Against IFC
May 11, 2016
An article on the website Economy Watch describes a recent case, in a line of lawsuits seeking to hold businesses and financial institutions liable for human rights harms in US courts, in which a judge held that the International Finance Corporation was immune from a lawsuit by Indian nationals who claimed that an IFC-funded power plant project harmed their health and livelihoods.
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Bloomberg Publishes Financial Companies' Gender Data
May 11, 2016
Fortune reports that Bloomberg has published a Financial Services Gender Equality Index to provide ratings for potential investors on the commitment of participating financial companies to gender diversity and "women-friendly policies."
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NGO Issues Ambitious Recommendations for BHR Action Plans
May 11, 2016
The European Coalition for Corporate Justice has published a Recommendation on National Action Plans that calls on European governments to go beyond business and human rights action plans released so far by imposing tougher regulatory obligations on businesses and developing a variety of remedies for alleged victims of BHR violations.
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