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EU Ministers Seek Strong Response to "Panama Papers"
April 28, 2016
NDTV reports that, at recent talks in Amsterdam, national finance ministers from EU member states coalesced around a number of proposals in the wake of the release of off-shore financial information in the "Panama Papers" to shame so-called "tax havens" and require more reporting on taxes paid by companies throughout Europe and around the world.
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US Backs OECD Guidelines on State-owned Enterprises
April 28, 2016
Ann Low of the US Department of State has authored an article pressing governments around the world to implement the revised Organisation for Economic Co-operation and Development ("OECD") Guidelines on Corporate Governance of State-owned Enterprises, which contain guidance on implementation of global business and human rights standards.
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UN Initiative Calls for $100 Internal Carbon Price
April 27, 2016
UN Global Compact ("UNGC") Executive Director Lise Kingo has called on businesses around the world, and particularly businesses in UNGC's Caring for Climate program, to set and report on their efforts to achieve an internal price of $100 per metric ton on their carbon emissions.
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UN Chief Calls for Insurance Industry Climate Action
April 27, 2016
In remarks at a meeting on "resilience" in New York, UN Secretary-General Ban Ki-moon called on leaders in the insurance industry to counter climate change by "greening" their portfolios - removing investments in fossil fuels - and by measuring their carbon footprint by the year 2020.
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Norway Fund Divests from Companies Active in Coal
April 27, 2016
Bloomberg reports that, to begin its compliance with a ban on coal investments passed last year by the Norwegian Parliament, Norway's sovereign wealth fund Norges Bank has removed its financing from 52 companies with over 30% of their activity or sales in coal.
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