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NCPs Discuss Duties of Finance of Extractives Sector
July 11, 2014
A group of National Contact Points ("NCPs") for the Organization for Economic Co-operation and Development's Guidelines for Multinational Enterprises recently joined a meeting at which they discussed the application of the Guidelines to financial industries with investments in the extractive sector.
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NGOs Claim Liability of Corporate Executives for Global Warming
July 10, 2014
Three nongovernmental organizations ("NGOs") have sent a letter to corporate executives of insurance and energy companies suggesting that, in future lawsuits, courts may hold them personally liable for the harms caused by climate change.
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NGO Criticizes Conflict Minerals Reporting as Insufficient
July 10, 2014
As U.S. companies release their first legally required reports on the use of "conflict minerals" from war-torn areas in Africa in their products, the nongovernmental organization ("NGO") Global Witness has complained that these reports do not sufficiently assess companies' use of these minerals.
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BP Publishes 2013 "Sustainability Review"
June 23, 2014
As nongovernmental organizations ramp up their pressure on transnational corporations to provide human rights and environmental impact assessments, the oil and gas company BP has released an assessment of its impacts on the environment and societies in which it operated in 2013.
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Unilever Commits to International BHR Standards
June 23, 2014
Consumer goods company Unilever has announced that it will report on its progress in implementing the UN Guiding Principles on Business and Human Rights ("BHR") in its operations and that it will produce impact assessments reviewing activities in its supply chain.