Stakeholder Capitalism

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.
Exxon Strikes Back Against Legal Pressure over Climate Science

April 21, 2016

The New York Times reports that, facing investigations from US state attorneys general and allegations from activist organizations that it knew of the climate change risks of its activities since 1957, energy company Exxon Mobil has struck back against a court filing by the US Virgin Islands attorney general by asserting that the filing constituted an abuse of process.
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").
Study Indicates Influence of CEO Activism

April 15, 2016

As international organizations and activists seek support among corporate leaders for their business and human rights and environmental agendas, a new study by two business school professors finds that CEO activism on these and similar issues can have a significant influence on public opinion.
OECD Chief Criticizes Panama's Financial Secrecy

April 14, 2016

In response to the "Panama Papers" leak, in which media outlets publicized funds secretly held in Panama by individuals and corporations, Organisation for Economic Co-operation and Development ("OECD") Secretary-General Angel Gurría has called on Panama to implement the OECD's global tax transparency standards to prevent the hiding of offshore funds.