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World Bank Launches $50 Million “Climate-Smart” Mining Fund
June 03, 2019
In May, the World Bank established a Climate-Smart Mining Facility trust fund seeking $50 million to promote a climate-friendly mining regulatory framework in developing countries and seek to ensure mining companies are “managed in a way that minimizes [their] environmental and climate footprint.”
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Unilever Signs Deal with Unions Limiting Temporary Workers
May 31, 2019
Raising questions about the impacts of such global labor rights commitments on the workforce, consumer products company Unilever has signed an agreement with two global unions to restrict the use of temporary workers in its factories and to engage in “human rights due diligence.”
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Canadian Agency Faces NGO Criticism over BHR Declaration
May 31, 2019
The National Post reports that activist groups are criticizing as insufficient the Canadian lending and insurance agency Export Development Canada’s new business and human rights (BHR) policy seeking to use its leverage over Canadian firms operating abroad to push them to implement global BHR standards.
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Investor Group Launches Initiative on Easing Green Finance
May 31, 2019
A group of European financial institutions is leading a new initiative of the Institutional Investors Group on Climate Change aiming to lay the groundwork for investors to align their portfolios with the goals of the UN’s Paris climate deal by divesting from fossil fuel projects.
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Activists Criticize Microsoft’s Move to “Climate Leadership” Group
May 31, 2019
Environmental activists are criticizing tech giant Microsoft’s decision to join the international policy institute Climate Leadership Council due to the group’s advocacy of business legal immunity for contributions to climate change in exchange for support of a rising tax on carbon emissions.
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