Stakeholder Capitalism

US Foundation Launches Supply-Chain-Mapping Venture Fund

February 08, 2018

The Thomson Reuters Foundation reports that US foundation Humanity United, in partnership with corporations and the British government, has launched a $23-million venture fund called Working Capital to map the global supply chains of major companies and assist workers raise allegations regarding their subjection to forced labor.
UN Initiative Pushes for Business Action on Oceans

February 07, 2018

The UN Global Compact has launched a Business Action Platform for the Ocean to "develop a business leadership framework focused on the growth, innovation and sustainability of the ocean" and pressure businesses to contribute to the achievement of UN "sustainable development" targets in this area.
UN Report Highlights New Markets for SDG Fulfillment

February 06, 2018

The UN Global Compact has released a 2018 Global Opportunity Report with consultancy DNV GL and advisory group Sustainia pushing for business activity in 10 ten new markets to advance fulfillment of the comprehensive set of targets contained in the UN Sustainable Development Goals (SDGs).
UN Initiative Prioritizes Corporate Fulfillment of SDGs

February 05, 2018

Executive Director of the UN Global Compact Lise Kingo has issued an update recognizing the launch of a "Global Compact 3.0" initiative driving rapid corporate progress in contributing to the fulfillment of the all-encompassing UN Sustainable Development Goals (SDGs) as the "collective blueprint for humanity."
UN Initiatives Push for SDG Education in Business Schools

February 05, 2018

At a dinner hosted at the World Economic Forum in Davos, Switzerland, the UN Global Compact and Principles for Responsible Management Education called for business and management schools to "sensitize" students to "values like sustainability and responsibility" and include in their curricula lessons on the UN Sustainable Development Goals (SDGs).
OECD Highlights New Signatories to Treaty on Corporate Tax

February 05, 2018

The Organisation for Economic Co-operation and Development (OECD) is touting the recent signature of its Base Erosion and Profit Shifting (BEPS) Multilateral Convention by six governments, bringing to 78 the total number of jurisdictions that have signed the instrument aimed at amending bilateral tax treaties to combat tax avoidance by multinational corporations.
Investors Push for Extension of Bangladesh Factory Accord

February 02, 2018

The Bangladesh Investor Initiative, organized by the Interfaith Center on Corporate Responsibility to promote an agreement signed by global fashion brands on fire and building safety in Bangladesh, has published a call for these brands to sign up to a three-year extension of the accord making them responsible for paying for factory safety in the country.
Global Unions Force $2.3 Million Factory Safety Settlement

January 29, 2018

Two global union groups have announced that they have secured a $2.3 million settlement from a multinational clothing brand in the Permanent Court of Arbitration at the Hague to enhance factory safety in Bangladesh under the terms of a global agreement signed by apparel companies in response to the 2013 Rana Plaza factory disaster in the country.
Exxon Threatens Municipalities with Climate Countersuit

January 18, 2018

CNN reports that Exxon has accused a group of cities and countries in California suing the energy company over its alleged contributions to global warming of bad faith, given the statements made by some of these municipalities in their bond offerings on the uncertainties involved in climate change, and requested to depose city officials in a move toward a countersuit.
Nigerian NGO Files OECD Complaint over Flooding

January 10, 2018

A Nigerian community association has filed a complaint with the National Contact Points for the OECD Guidelines for Multinational Enterprises in Italy and the Netherlands claiming that an Italian energy company and its Dutch subsidiary violated "international standards of corporate conduct" by flooding Nigerian villages through infrastructure they built to extract oil from the country.