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Study Indicates Mixed Results of US Conflict Minerals Law
August 12, 2015
According to an article from Cooley LLP, a recent study has shown that despite substantial time and money spent on compliance, approximately 90% of companies filing reports on their use of conflict minerals, as required under US Securities and Exchange Commission ("SEC") rules, could not determine if their products are "conflict free."
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Exchanges Respond to Pressure on Reporting Standards
August 12, 2015
A press release from the Global Reporting Initiative ("GRI") reports that some stock exchanges are responding to growing pressure from activists, UN agencies, and investors by pushing companies to report on social and environmental issues in their operations using standards issued by GRI and other organizations.
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Former UN Official Calls for Global Tax Body
August 05, 2015
In a recent article, former UN Under-Secretary-General for Economic and Social Affairs José Antonio Ocampo lamented the recent failure of countries to create a UN-controlled body to implement global tax standards and "ensure fair taxation of corporate profits worldwide."
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NGO Meeting Emphasizes "Climate Justice"-Human Rights Link
August 05, 2015
A workshop and side event hosted by the nongovernmental organizations the Business and Human Rights ("BHR") Resource Centre and Friedrich Ebert Stiftung in Geneva called for businesses, investors, and governments to emphasize the link between countering climate change and the UN's agenda on BHR issues.
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Activists: "Divestment" Is Failing to Gain Traction
August 05, 2015
At a recent conference in London, a group of activists and financial industry representatives argued that pressure on financial firms to remove their investments from fossil fuel initiatives has so far experienced limited success and called for more action to convince the energy industry to shift away from fuels that produce greenhouse gases.
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