Stakeholder Capitalism

OECD Opens Consultation on Garment, Footwear Guidance

February 22, 2016

The Organization for Economic Co-operation and Development ("OECD") has called for contributions to its consultation process on Due Diligence Guidance for Responsible Supply Chains in the Garment and Footwear Sector, which will seek to pressure relevant companies to address human rights complaints in their complex, multinational supply chains.
Bank Agrees to Terms of OECD Evaluation

February 10, 2016

The Dutch National Contact Point ("NCP") of the Organization for Economic Co-operation and Development's ("OECD") Guidelines on Multinational Enterprises has published an outcome document noting that Rabobank, in response to complaints about its palm oil financing, agreed to adjust its process of accepting supply-chain complaints and to accept future evaluation by the NCP.
UN Calls for Public-Private Partnerships to Achieve SDGs

February 01, 2016

UN officials meeting with business representatives in Davos, Switzerland, during the World Economic Forum called for the establishment of partnerships between the public and private sectors to accomplish the UN's comprehensive environmental and social agenda set out in its Sustainable Development Goals ("SDGs").
UN: Businesses Must "Mainstream" SDGs in Operations

January 22, 2016

At a meeting of the UN Global Compact Board, UN Secretary-General Ban Ki-moon and other UN officials urged business leaders to "mainstream" the UN environmental and social agenda in their operations and to take action to support the UN Sustainable Development Goals ("SDGs").
UN Ramps up BHR Pressure on Australian Companies

January 04, 2016

A recent report details the proceedings of an event hosted by the UN Global Compact Network Australia and the Australian Human Rights Commission that sought to explain to businesses how best to implement the UN Guiding Principles on Business and Human Rights ("BHR") and that pressed for the development of an Australian national action plan on BHR issues.
UN Signs up Companies to Climate Targets

December 30, 2015

The UN Global Compact has announced that 114 companies, including Coca-Cola, Walmart, and Kellogg, have signed on to its Science-Based Targets Initiative, which sets corporate greenhouse-gas emissions targets to limit global warming to a rise of two degrees celsius, and has launched a platform to measure emissions data reported by businesses.
UN Presses for Business Action at Climate Forum

December 29, 2015

The UN Global Compact has announced a slew of climate-change-related commitments it drew from businesses at its annual "Caring for Climate Business Forum" during the recent UN climate talks in Paris, including pledges from investment firms to include climate-change information in their reports.
UN Seeks Enlistment of In-House Attorneys in BHR Agenda

December 28, 2015

The UN Global Compact, the American Bar Association, and the World Bank recently hosted an event at which they sought to inform corporate general counsel how best to implement the UN's agendas on business and human rights ("BHR") and "sustainable development" at their respective companies.
OECD Uses Study to Support Corporate Tax Clampdown

December 22, 2015

The Director of the Organization for Economic Co-operation and Development ("OECD") Centre for Tax Policy and Administration Pascal Saint-Amans uses a study indicating that corporate tax revenues have fallen since the global financial crisis as a share of gross domestic product to argue for the "urgency" of the OECD's global clampdown on corporate tax avoidance.
G20 Endorses OECD Plans on Corporate Taxation

December 15, 2015

At a recent meeting, the G20 group of countries endorsed the Organization for Economic Co-operation and Development's ("OECD") Base Erosion and Profit Shifting proposal to "crack down" on business practices of avoiding taxes by shifting profits to low-tax jurisdictions.