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UN Development Document Pushes "Responsible" Investment
July 29, 2015
The UN Global Compact ("UNGC") reports that the Addis Ababa Action Agenda, the outcome document from a recent UN global development conference, recognizes the role of the UNGC in pressuring companies to adopt global standards for "responsible business and investing."
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AI: Private Development Must Comply with BHR Standards
July 29, 2015
In response to the encouragement by some governments for corporations to fund the UN development agenda, Amnesty International's ("AI") Savio Carvalho writes that governments must force businesses to prove that they comply with global standards on business and human rights ("BHR") before they are permitted to participate in development efforts.
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Activists Maintain Push for UN Tax Body
July 29, 2015
Activist organizations including Oxfam recently welcomed the launch of a new tax initiative that seeks commitments to taxation and revenue in developing countries at a UN development conference in Addis Ababa, Ethiopia, but said the project should not "divert energy" from the creation of a UN body that would formulate global tax rules.
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OECD Panel Pushes Corporate Climate Reporting
July 29, 2015
David Wynn of the consultancy Greenstone reports that a recent panel in Paris hosted by the Organization for Economic Co-operation and Development ("OECD") pushed corporate reporting standards for greenhouse gas emissions but also indicated the difficulty corporations face as countries and organizations issue a "plethora" of competing reporting standards.
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NGO Praises G7 for Corporate Grievance Mechanism Support
July 29, 2015
A statement from the nongovernmental organization OECD Watch applauds a declaration from the G7 group of countries to bolster their National Contact Points ("NCPs"), which serve as mechanisms that accept complaints on alleged corporate deviations from global standards, and calls for further strengthening of NCPs to pursue action against businesses.
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