Stakeholder Capitalism

UN Series Focuses on National Action on SDGs

June 26, 2019

The UN Global Compact has announced a series of events seeking to push national governments to work with the private sector in achieving the comprehensive social and economic targets contained in the UN Sustainable Development Goals (SDGs).
Cities, NGOs: Total Violates French “Duty of Vigilance” Law

June 26, 2019

14 cities and 4 nongovernmental organizations have threatened litigation against French energy company Total for allegedly failing to comply with a new French law imposing a “duty of vigilance” on companies by declining to publicly report how it plans to address its impacts on climate change.
UN, NGOs Call for Substantial Carbon Emission Reductions

June 19, 2019

A coalition including the UN Global Compact network of companies committed to the “sustainable development” agenda has issued a press release aiming to avoid the “catastrophic consequences” of climate change by calling on businesses to set “science-based” targets for the reduction of their greenhouse gas emissions.
NGO Criticizes OECD Contact Points for Limiting Remedies

June 19, 2019

The nongovernmental organization OECD Watch has issued a report concluding that National Contact Points (NCPs) set up under the OECD Guidelines for Multinational Enterprises have not been fulfilling their role in granting remedies to alleged victims of corporate abuse and calls for a revision of the Guidelines to boost the remedial function of NCPs.
Canadian Court Will Hear Case on Guatemala Mining Subsidiary

June 19, 2019

The Narwhal reports that a case in a British Columbia court against a Canadian mining company over its subsidiary’s alleged human rights violations in Guatemala is one example of plaintiffs currently testing the limits of Canadian courts’ jurisdiction over corporate subsidiaries’ conduct in foreign countries.
OECD Celebrates Global Initiative Identifying Targets for Taxation

June 12, 2019

The Organisation for Economic Co-operation and Development (OECD) has issued a press release lauding its Automatic Exchange of Information initiative for providing an “impressive” level of transparency on global assets “that can now be effectively taxed by authorities worldwide.”
G7 Ministers Pledge Promotion of “Responsible Business Conduct”

June 12, 2019

Labor and employment ministers from G7 countries and the EU Commissioner for employment have issued a communiqué that includes a pledge to promote “responsible business conduct” in global supply chains and strengthen National Contact Points for the OECD Guidelines for Multinational Enterprises.
UN Initiative Calls for Corporate Action on “Ocean Health”

June 05, 2019

The UN Global Compact business network has published a report calling on companies to address “the rapid deterioration of ocean health” by implementing international ocean regulations in keeping with the comprehensive UN Sustainable Development Goals.
Governments Agree Roadmap for Corporate Tax Negotiation

June 05, 2019

Countries involved with the OECD and G20’s Inclusive Framework on Base Erosion and Profit Shifting (BEPS) have agreed a roadmap for the negotiation of a global deal aimed at ensuring that multinational companies pay a minimum level of tax.
Fashion Brands Agree to Implement Short-Term Contract Ruling

June 05, 2019

Reuters reports that global fashion brands Levi’s, H&M, and Gap have agreed to attempt to force one of their suppliers to implement a ruling by an arbitration council requiring the supplier to replace the short-term contracts it had struck with 408 workers in Cambodia with permanent arrangements.