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UK Court Rejects Claim Against Mining Subsidiary
January 16, 2019
Expatica reports that a UK court determined claimants had not established the liability of a subsidiary of a company headquartered in Britain for alleged police violence related to its mining operations in Sierra Leone, in a potential blow to future lawsuits seeking redress in Western legal systems for alleged rights abuse in developing countries.
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Academics Push for Social, Corporate Reform Alongside Climate Action
January 16, 2019
An article on the website Project Syndicate blames the global lack of action to combat climate change on voters’ increased focus on social issues, calling for the linkage of “social justice” reforms, including “reining in” corporate power and governance, with climate change to adequately address the environmental phenomenon.
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Activists Turn to “Climate Liability” Strategy
January 16, 2019
An article on the website Climate Liability News asserts that the year 2018 saw an “explosion” across the world of lawsuits demanding corporate compensation for alleged contributions to global warming and government action to force energy companies to limit their greenhouse gas emissions, including by using arguments in favor of “rights” against climate change.
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NGOs Demand “Civil Rights Ombudsman” at Facebook
January 15, 2019
A group of nongovernmental organizations has published a letter placing responsibility on the leaders of Facebook for “bigotry and hatred towards vulnerable communities” on its platform and calling for the tech giant to appoint “an independent and permanent civil rights ombudsman” to review the impacts of Facebook’s policies.
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World Bank Launches SDG-Linked Bonds for Asian Investors
January 15, 2019
The World Bank, in partnership with French bank BNP Paribas, recently introduced new bonds for investors in Hong Kong and Singapore that link investment returns with corporate contributions to the comprehensive social and environmental targets contained in the UN Sustainable Development Goals (SDGs).
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