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UNGC Seeks Business Climate Action in Absence of US
August 09, 2017
Following US President Donald Trump's decision to withdraw the US from the UN's Paris climate deal, UN Global Compact (UNGC) Executive Director Lise Kingo asserted that UNGC would double down on persuading US and other businesses, as well as state and local governments, to reduce their carbon emissions and report on their efforts to combat global warming.
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OECD Champions Corporate, Financial Global Governance
August 09, 2017
The Organisation for Economic Co-operation and Development (OECD) has released a report calling for more global governance of corporate and financial policies, facilitated by institutions like the OECD, to produce a "common set of transparent principles" perceived by all as "fair."
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NGO Evaluates Italian BHR Action Plan
August 09, 2017
The nongovernmental organization Human Rights International Corner has published a review of the initial draft of the Italian National Action Plan on Business and Human Rights (BHR), praising the plan for seeking BHR "due diligence" requirements for companies and calling for more civil society participation in the government's review of access to BHR remedies.
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NGO Warns of Litigation over Fossil Fuel Forecasts
August 09, 2017
The activist organization ClientEarth has published a letter to BP and Glencore warning the energy companies that their optimistic estimates of future demand for fossil fuels, if they turn out to be inaccurate and "self-serving," could subject them to future litigation by investors.
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Exxon Shareholders Adopt Resolution on Climate Reporting
August 09, 2017
In the lead-up to US President Donald Trump's decision to pull the US out of the UN's Paris climate deal, shareholders at Exxon Mobil adopted a nonbinding resolution calling on the company to publicly report the risks that government efforts to combat climate change under the UN deal pose to its business.
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