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Norwegian Wealth Fund Divests from Fossil Fuel Exploration
April 04, 2019
The Guardian reports that Norway’s $1 trillion sovereign wealth fund has announced it will remove investments from companies engaged in oil and gas exploration in an effort to reduce exposure to oil prices that are declining as UN and activists increase pressure on companies to switch to renewable energy projects.
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Standard Setters Seek Global Alignment of “Sustainability” Reporting
April 04, 2019
Standard setters and others participating in the Corporate Reporting Dialogue are engaged in an international consultation process considering how best to align frameworks for corporate reporting on “sustainable development” and how to integrate social and environmental data into financial reports.
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Facebook Imposes New Rules on “Political Advertisers”
April 03, 2019
In response to a push by nongovernmental organizations and EU institutions to combat “fake news” and malign influence in the run-up to the European Parliament elections in May, Facebook has announced new rules requiring “political advertisers” to verify their identities and publicly disclose information about their ad reach.
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New York Yankees Sign UN Climate Action Framework
April 03, 2019
Demonstrating the ongoing pressure from the UN and nongovernmental organizations on businesses to show they are seeking to combat global warming, the New York Yankees baseball club has signed on to the UN Sports for Climate Action Framework, pledging to reduce and offset its carbon emissions and promote “climate awareness.”
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Paper Warns Companies of UN Prohibition of “Cultural Appropriation”
April 03, 2019
The Centre for International Governance Innovation has published a paper exploring how governments and companies should, in line with the UN Declaration on the Rights of Indigenous Peoples, prevent the fashion industry from engaging in “cultural appropriation” from minority populations, including through the use of intellectual property law.
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