ESG

NGOs Criticize AIIB Disclosure Policy

February 03, 2017

Two nongovernmental organizations have warned that the Asian Infrastructure Investment Bank (AIIB) must follow the example of its Western counterparts in improving its public disclosure regime to provide information on its compliance with the global business and human rights and environmental agendas.
NGOs Ramp up Pressure on Supply Chain Reporting

February 01, 2017

Patricia Carrier and Joe Bardwell of the Business & Human Rights (BHR) Resource Centre signal how nongovernmental organizations are scrutinizing legally mandated public reporting by UK businesses on forced labor in their complex supply chains and assert that this UK disclosure regime is part of a global wave of corporate BHR reporting requirements.
EU Financial Scrutiny Rules Face Privacy Concerns

February 01, 2017

Politico reports that the European Parliament's Economic and Monetary Affairs Committee has delayed a vote on proposed EU legislation seeking to discourage tax avoidance by requiring public reporting of the ownership of trusts, based on concerns regarding the right to privacy of the trust owners.
UNEP Signs NY Fund to "Decarbonization" Program

January 27, 2017

The UN Environment Programme (UNEP) has announced that the New York State Common Retirement Fund, the third-largest pension fund in the US, is joining UNEP's Portfolio Decarbonization Coalition, a group of institutional investors that have pledged to gradually transfer a substantial portion of their investments to climate-friendly assets.
NGO Leader Pushes Corporate Tax as "Moral" Issue

January 25, 2017

The Guardian reports that, on a panel at the recent World Economic Forum meeting in Davos, Switzerland, Executive Director of Oxfam International Winnie Byanyima called for governments to consider corporate taxation a moral matter and ensure businesses contribute their "fair share" to the fulfillment of the global economic, social, and cultural "human rights" agenda.
UN Launches "Green" Digital Finance Initiative

January 25, 2017

As part of its efforts to divert global investment funds toward climate-friendly projects, the UN Environment Programme and a Chinese financial services provider have launched a Green Digital Finance Alliance that aims to promote global "green finance" for the UN's sustainable development agenda and to encourage climate-friendly lifestyles in China.
UN Official Lobbies for "Women's Empowerment" Action

January 25, 2017

In a recent press release, UN Women outlined how its Executive Director Phumzile Mlambo-Ngcuka sought to advance expansive initiatives pushing corporate action toward and public reporting on "women's empowerment" as part of the UN's sustainable development agenda at the World Economic Forum gathering in Davos, Switzerland.
Companies Launch Investor Tool on Climate Action

January 25, 2017

AP reports that a group of financial companies has launched at the London Stock Exchange an online tool called the Transition Pathway Initiative to permit investors to scrutinize the actions companies have taken to prepare for measures aimed at combating global warming.
G20 Panel Calls for Link Between Climate, Executive Pay

January 24, 2017

According to a report from the G20 group of countries' Task Force on Climate-Related Financial Disclosures led by former New York Mayor and climate activist Michael Bloomberg, energy companies should adopt policies informing shareholders how they are linking executive and board member pay to the management of climate change risks facing their industry.
UK Businesses Support Report on Fulfilling SDGs

January 23, 2017

A group of British companies have published a letter supporting a Business & Sustainable Development Commission report asserting that government measures focused on achieving the UN Sustainable Development Goals (SDGs) will contribute to massive economic growth and create a world that is "comprehensively sustainable."