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EC Creates Group to Propose AI Ethics Standards
March 29, 2018
The European Commission (EC) has announced the creation of an expert group to propose guidelines for companies in ensuring that the development of artificial intelligence (AI) abides by ethical standards and the EU Charter of Fundamental Rights.
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EC Sets out "Sustainable Finance" Action Plan
March 29, 2018
The European Commission (EC) has produced an action plan describing how it will encourage the alignment of the EU finance sector with the UN Sustainable Development Goals (SDGs), including by pushing for recognition of a "duty" of investors to take the SDGs into account in their investment decisions and for corporate reporting on "sustainability" issues.
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EU Bodies, NGOs Launch Rules for Sustainable Ocean Finance
March 29, 2018
The European Investment Bank, in partnership with the European Commission and nongovernmental organizations, recently launched the Sustainable Blue Economy Finance Principles, a set of guidelines pushing the finance sector to embrace a broad social and environmental agenda related to ocean "sustainability."
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Business Leaders Push for Climate-Focused EU Budget
March 29, 2018
The Prince of Wales’s Corporate Leaders Group, a coalition of European business leaders committed to implementing global climate-change rules, has published a letter to EU leaders to ensure that negotiations over the post-2020 EU budget focus on how they can best align the future finances of the bloc with the fulfillment of the 2015 Paris climate accord.
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Ruggie Pushes for Swiss "Due Diligence" Rules
March 28, 2018
Identifying laws requiring corporations to perform "due diligence" on the human rights impacts of their operations and supply chains as the "new normal" in Europe and North America, Professor John Ruggie of Harvard University recently wrote in favor of an initiative seeking to impose due-diligence requirements on Swiss companies.
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