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Kenyan Banking Group Launches "Green Bond" Program
May 26, 2017
The Kenya Bankers Association and a group of international and nongovernmental organizations have launched a "Green Bond programme," endorsed by the Central Bank of Kenya, as part of global efforts by the UN and environmental activists to divert investments from fossil fuels to renewable energy projects in line with the 2015 Paris climate deal.
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NGOs Point to BHR Impacts of Green Energy
May 25, 2017
The development by nongovernmental organizations Yansa and the Gaia Foundation of a platform, called Ojuso, that will gather business and civil society stakeholders to consider business and human rights (BHR) impacts of renewable energy projects demonstrates the complexity involved in implementing the global "sustainable energy" agenda.
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UK Committee Seeks Prosecution, Liability for BHR Violations
May 25, 2017
A recent report from the UK Parliament's Joint Committee on Human Rights calls for legislation providing for the criminal prosecution of corporations that violate the business and human rights (BHR) agenda in other countries and permitting foreign victims of alleged BHR violations to sue UK companies in British courts.
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UK Official Criticizes "Modern Slavery" Reporting Efforts
May 25, 2017
In a recent letter to business leaders, the UK's Independent Anti-Slavery Commissioner Kevin Hyland OBE, who is charged with monitoring corporate implementation of the country's Modern Slavery Act, said he is "disappointed" with the level of compliance by businesses with the law's requirements to report on efforts to eradicate forced labor around the world.
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Countries Seek to Curb Business Input on Climate Action
May 24, 2017
The Guardian reports that developing countries are seeking to use a commitment from the UN Framework Convention on Climate Change to "openness, transparency and inclusiveness" in upcoming negotiations on the future shape of the 2015 UN Paris climate deal to curb input on the talks from companies that rely on fossil fuels.
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