Business & Human Rights

UN Task Force: SDG Financing Is Not on Track

May 30, 2019

In its fourth annual report, the Inter-agency Task Force on Financing for Development, made up of UN and partner agencies, finds that “the sustainability transition in the financial system is not happening at the required scale” and proposes a recommitment to multilateral action to fund the comprehensive Sustainable Development Goals (SDGs).
UN Agency Seeks Friendly Legal Landscape for Climate Finance

May 30, 2019

A press release issued by the UN Environment Programme warns that policymakers are not sufficiently aware of the need for laws that help “catalyse” financial vehicles that advance the goals of the UN’s Paris climate accord and offers to aid central banks and others in formulating policies that encourage climate finance.
World Bank, Japan Funnel Investments into “Sustainable” Bonds

May 30, 2019

In April, the World Bank announced an expanded partnership with Japan’s Government Pension Investment Fund to push asset managers to invest in “Green, Social and Sustainable Development Bonds” issued by the World Bank and International Finance Corporation.
Industry Initiative Seeks “Sustainability” in Chemical Supply Chains

May 30, 2019

The German chemical industry sustainability initiative Chemie³ has published guidance for medium-sized chemical companies on how to ensure their supply chains meet global sustainability standards.
UK Seeks “Duty of Care” for Online Content

May 30, 2019

In April, the UK government announced it would seek to impose a “legal duty of care” on internet companies to ensure the “safety” of people who use their platforms and to establish an independent office to regulate a broad variety of online content, including incitement, cyberbullying, and disinformation.