Stakeholder Capitalism

NGO Calls for States to Tighten Compliance with OECD Rules

May 19, 2016

Marking the upcoming 40th anniversary of the OECD Guidelines for Multinational Enterprises, the nongovernmental organization OECD Watch has called for governments to strengthen their national contact points, which seek to resolve complaints against businesses under the Guidelines, by sanctioning companies that refuse to participate.
UN Initiative Pushes Companies on Emissions Targets

May 11, 2016

The UN Global Compact has announced that over 150 companies around the world have signed on to its Science Based Targets Initiative and thus have subjected themselves to review of their targets for the reduction of greenhouse gas emissions by UN and NGO representatives.
British PM Seeks Global Anti-Corruption Agency

May 06, 2016

The Guardian reports that, at a summit on countering corruption hosted by British Prime Minister David Cameron, the UK Government will push for the establishment of a global anti-corruption agency that would exchange information to help law enforcement authorities detect and prevent corruption and tax evasion.
OECD: Companies Must Support "Living Wage" in Supply Chain

May 04, 2016

Officials from the Organisation for Economic Co-operation and Development ("OECD") have published a report calling on multinational corporations to use their influence over their suppliers to promote a "living wage" for workers in developing countries, as required by OECD, UN, and other global guidelines on the promotion of business and human rights standards.
UN Network Seeks Strong UK Corporate Reporting Mandate

April 29, 2016

Désirée Abrahams of the UN Global Compact ("UNGC") Network UK has published a letter to the UK Government on its plan to transpose the EU Non-Financial Reporting Directive for corporations into law, calling on the UK to use UNGC's reporting standards, apply the reporting mandate to almost all companies, and include nongovernmental organizations in the process.
US Backs OECD Guidelines on State-owned Enterprises

April 28, 2016

Ann Low of the US Department of State has authored an article pressing governments around the world to implement the revised Organisation for Economic Co-operation and Development ("OECD") Guidelines on Corporate Governance of State-owned Enterprises, which contain guidance on implementation of global business and human rights standards.
UN Initiative Calls for $100 Internal Carbon Price

April 27, 2016

UN Global Compact ("UNGC") Executive Director Lise Kingo has called on businesses around the world, and particularly businesses in UNGC's Caring for Climate program, to set and report on their efforts to achieve an internal price of $100 per metric ton on their carbon emissions.
OECD Calls for Consequences for Low Tax Transparency

April 26, 2016

A report issued by the Organisation for Economic Co-operation and Development ("OECD") calls on Group of 20 ("G20") countries to consider developing "defensive measures" against governments that do not implement the OECD's global standards on the exchange of tax information.
OECD Forum Considers Response to Panama Papers

April 22, 2016

The Organisation for Economic Co-operation and Development ("OECD") has announced that it held a meeting of its Joint International Tax Shelter Information and Collaboration Network to discuss increased sharing of corporate financial information in response to the "Panama Papers" leak of data on offshore funds.
NGO: Dutch Companies Violated Global Standards in Suez Project

April 21, 2016

The Centre for Research on Multinational Corporations has published a report accusing Dutch companies involved in a recent project to widen and deepen the Suez Canal of failing to abide by "international social and environmental standards," including those promulgated by the UN and the Organisation for Economic Co-operation and Development ("OECD").