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EU Lawmakers Pass Rules for “Sustainable” Finance
May 30, 2019
In April, the European Parliament adopted legislation aiming to establish an EU Capital Markets Union that includes disclosure requirements for financial institutions and advisers on “sustainable investments” and thus helps “channel investment to environmentally-friendly projects.”
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Dutch Body Finds Global Rules for Climate Action by Banks
May 30, 2019
In April, according to the activist organization Oxfam, the Dutch National Contact Point for the OECD Guidelines for Multinational Enterprises found these Guidelines require banks to set climate goals for their financial services, including by divesting from fossil fuel projects, to help fulfill the UN’s Paris climate accord.
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WHO Forum Puts Pressure on Drug Companies over Pricing
May 30, 2019
At the World Health Organization’s (WHO) Forum on Medicines in April, governments and nongovernmental organizations called for policies forcing pharmaceutical companies to reveal more information about their pricing decisions, while a WHO official referred to drug pricing a human rights issue.
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EC Publishes Ethics Guidelines on AI Development
May 30, 2019
In April, the European Commission (EC) issued recommendations on how technology companies should uphold their ethical responsibilities as they develop artificial intelligence technologies, including by retaining human oversight over AI and keeping such technology accountable.
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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).
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