Stakeholder Capitalism

Businesses, Governments Endorse Supply Chain Reporting

August 15, 2018

Business representatives and government officials attending the Bali Process Government and Business Forum in Indonesia agreed to promote a set of recommendations labeled “Acknowledge, Act, Advance” pushing for legal requirements on businesses around the world to publicly report on labor conditions in their supply chains.
BDS Movement Touts Withdrawal of Adidas from Israel Football Clubs

August 08, 2018

The Palestinian Campaign for the Academic and Cultural Boycott of Israel, a major driver of the “Boycott, Divestment, Sanctions” (BDS) movement against Israel, is celebrating Adidas’s decision to halt its sponsorship of the Israel Football Association (IFA) after it came under pressure from activist organizations due to the IFA’s operation of clubs in Israeli settlements.
NGO: Pepsi “Missed the Mark” with Recycling Investment

August 06, 2018

Environmental activist organization Greenpeace has criticized beverage company Pepsi for responding to global pressure on plastic pollution by investing $10 million in an initiative, called the Recycling Partnership, that aims to bolster curbside recycling while failing to make commitments to phase out “single-use plastic.”
Lawyers Examine “Failure to Prevent” Offense for Rights Abuses

August 03, 2018

Claiming the idea that only states can violate human rights has become “obsolete” in an era of growing business power, Andrew Smith and Alice Lepeuple of the law firm Corker Binning examine the possible construction of a “failure to prevent” offense in the UK to prosecute companies associated with human rights abuses in other countries.
SDG Business Forum Seeks Small Business Buy-in

August 01, 2018

At the third annual Sustainable Development Goal (SDG) Business Forum, hosted in New York by two UN agencies and the International Chamber of Commerce, UN officials and other speakers focused on pushing small and medium-sized businesses to accept and contribute to the UN’s comprehensive “sustainable development” agenda.
Microsoft Chief Calls for Regulation of Facial Recognition Tech

July 31, 2018

Tech giant Microsoft’s President Brad Smith has called on Congress to appoint a bipartisan expert commission to issue recommendations on how best to regulate facial recognition technology, arguing that voluntary business conduct is no substitute for democratically accountable legislative action.
Cement Group Prioritizes Fulfillment of Climate Agenda

July 30, 2018

The World Cement Association recently hosted a Global Climate Change Forum at which it urged industry members to ramp up their investments in new technologies to reduce their climate impacts and has announced plans to develop a “climate change action plan” for the industry.
UNGC Launches Platform to Pressure Business on Oceans

July 27, 2018

Executive Director of UN Global Compact (UNGC) Lise Kingo recently announced the launch of an Action Platform on Sustainable Ocean Business, a three-year program aimed at pushing businesses to help fulfill the UN Sustainable Development Goals by ensuring their operations do not endanger the health of oceans.
OECD: Hungary Must Embrace Green Energy

July 27, 2018

The Organisation for Economic Co-operation and Development (OECD) has called for Hungary to “raise its ambitions” on “greening its economy” by ramping up spending on renewable energy projects, installing climate-friendly transportation systems, and forcing companies to make more energy-efficient buildings.
OECD Seeks Climate-Focused Agricultural Reform

July 27, 2018

The Organisation for Economic Co-operation and Development (OECD) has released a report calling on national governments to reform their agricultural support policies to reduce distortions and to help farmers, among other things, “enhance environmental performance, especially in the context of a changing climate.”