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Companies Plan Continued Reporting on Foreign Operations
February 21, 2017
Reuters reports that, at a mining conference in Cape Town, corporate leaders asserted that extractives companies will continue to respond to global pressure, from actors ranging from UN officials to human rights activists, to disclose details of their foreign operations despite recent US actions against mandatory reporting of foreign payments and mineral sourcing.
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Lawyers: Canadian Courts Relax Barriers to Foreign Lawsuits
February 21, 2017
An article from the law firm Bennett Jones documents a recent trend in Canadian courts, as illustrated by an appellate court ruling permitting a lawsuit over the Guatemalan operations of a mining company registered in Canada, to allow plaintiffs to sue businesses in Canada over human rights violations they allegedly committed in foreign countries.
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NGO Explores BHR Risks in Telecom Exports
February 21, 2017
The nongovernmental organization Institute for Human Rights and Business has produced a report evaluating the potential risks to the business and human rights (BHR) agenda posed by export credit agencies encouraging the foreign sale of telecommunications products and calls for BHR due diligence requirements for such transactions.
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US Congress Passes Repeal of Extractives Disclosure Rule
February 21, 2017
Reuters reports that the US Congress has voted to repeal a Securities and Exchange Commission rule, mandated by the Dodd-Frank financial services legislation, requiring oil, gas, and mining companies to publicly disclose payments they make to foreign governments.
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GRI Releases Reporting Guidance for India
February 21, 2017
As part of the organization's efforts to be a global one-stop shop for business guidelines on "sustainability" disclosures, the Global Reporting Initiative (GRI) has released guidance with the Bombay Stock Exchange on how companies can fulfill India's "business responsibility reporting requirements" while following GRI's global reporting standards.
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