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EU Requires Labeling of Goods from West Bank
December 16, 2015
The New York Times reports that the EU's decision to require some goods produced on land seized by Israel in the 1967 Six-Day War to be labeled "made in settlements" has stoked apprehension among Israelis that this move is a step toward divestment from and a boycott of companies that operate in the West Bank.
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UN Calls for Corporate Reporting on SDGs
December 16, 2015
The UN Environment Programme has published a report that argues companies are not sufficiently reporting their implementation of environmental and social provisions contained in the recently adopted UN Sustainable Development Goals ("SDGs") for 2030 and that calls on businesses to comply with international standards in their SDG reporting.
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G20 Endorses OECD Plans on Corporate Taxation
December 15, 2015
At a recent meeting, the G20 group of countries endorsed the Organization for Economic Co-operation and Development's ("OECD") Base Erosion and Profit Shifting proposal to "crack down" on business practices of avoiding taxes by shifting profits to low-tax jurisdictions.
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NGO Calls for Compulsory CSR System in EU
December 15, 2015
Jérôme Chaplier of the European Coalition for Corporate Justice writes that, following a scandal at Volkswagen in which the company allegedly provided false reports on vehicle emissions to authorities, the EU should institute a mandatory scheme of corporate social responsibility ("CSR") that increases accountability of European companies to citizens.
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UN Seeks Integration of BHR into Corporate "Crisis Planning"
December 15, 2015
In a recent "Good Practice Note," the UN Global Compact instructs companies how best to implement the global business and human rights ("BHR") agenda in "crisis planning," including through the use of "human rights due diligence" to prioritize BHR issues in crises.
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