Stakeholder Capitalism

UN Ramps up Pressure on Businesses to Support Sustainability

January 14, 2015

Addressing a meeting of leaders of the UN Global Compact ("UNGC") business initiative, UN Secretary-General Ban Ki-moon called on the UNGC and companies to promote the UN's agenda on sustainable development, which includes "restructuring" the global financial system and combating global warming.
OECD Finds Income Inequality Harms Economic Growth

December 10, 2014

A recent report from the Organisation for Economic Co-operation and Development ("OECD") finds that inequality of incomes harms economic growth and encourages redistributive policies, including "cash transfers," as remedies.
UN Launches Initiative to Push Corporate Boards on Sustainability

November 26, 2014

The UN Global Compact has announced a new Global Compact Board Programme that will pressure members of corporate boards of directors around the world to accept and promote the UN's agenda on non-financial, "sustainability" issues in business operations.
UN Pushes Companies to Adopt Food Standards

November 19, 2014

The UN Global Compact is seeking compliance from food companies around the world to a set of Food and Agricultural Principles it released earlier this year to promote "sustainable" agricultural practices.
Stock Exchanges Initiative Pushes "Sustainable Development" Agenda

October 15, 2014

The Sustainable Stock Exchanges initiative, developed by the UN Global Compact and other international actors, recently convened a Global Dialogue at which participating stock exchanges called for the adoption of best practices to encourage businesses to adopt "sustainable" policies.
U.S. Will Develop National Action Plan for BHR Implementation

October 01, 2014

President Barack Obama has announced that the U.S. will develop a formal National Action Plan to implement the principles set out in the UN Guiding Principles on Business and Human Rights ("BHR") and the OECD Guidelines on Multinational Enterprises.
Lawyers File NCP Complaint over Australian Detention Centers

September 24, 2014

A group of human rights attorneys have filed complaints under the OECD Guidelines for Multinational Enterprises with national contact points ("NCP") in Australia and the U.K. against the security company G4S for alleged human rights violations in Australian asylum detention centers.
Under Pressure, Financiers Divest from Fossil Fuels

September 24, 2014

Amid pressure from the UN, nongovernmental organizations, and individuals such as Desmond Tutu, who recently compared funding fossil fuels to financing apartheid, the Rockefeller family and other investors have recently announced their divestment from fossil fuels in order to combat climate change.
UN Hosts "Sustainability" Meeting with Industry Associations

September 17, 2014

The UN Global Compact recently hosted a meeting with global industry and trade associations on spreading the internationally developed agenda on "corporate sustainability," calling on these groups to pressure their members to accept and implement these principles.
Under Pressure, Yale Considers Divestment in Fossil Fuels

September 10, 2014

As pressure from nongovernmental organizations and international organizations ramps up, The New York Times reports that Yale University has asked the managers of its investments to consider the risks of continuing to fund projects and companies that allegedly contribute to climate change.