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EU Outlines Next Steps on BHR Agenda
July 30, 2015
In a document reviewing the EU's progress in implementing the UN Guiding Principles on Business and Human Rights ("BHR"), European Commission staff call for greater steps, both at the EU and the national level, to improve access to remedy for alleged BHR violations and other measures to advance the BHR agenda.
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Article Highlights Future Plans for BHR Reporting
July 30, 2015
Naki Mendoza of Devex Impact explains how several multinational companies, facing pressure from the UN and activist organizations and investors, have adopted business and human rights ("BHR") reporting tools and quotes a former business representative who predicts that using these reporting tools will become "the norm" for such companies in the next decade.
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UN Tool Targets Finance Industry on Deforestation
July 30, 2015
The UN Environmental Programme and the National Capital Declaration initiative have produced a study and a tool calling on financial institutions to address what these bodies identify as risks in institutions' loan and investment practices relating to deforestation.
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Lawyers Outline Proposal for Binding BHR Arbitration
July 29, 2015
A proposal from two attorneys on the website of the Institute for Human Rights and Business calls for the establishment of an international tribunal that would arbitrate alleged corporate violations of the UN business and human rights ("BHR") agenda and whose awards would be enforceable around the world.
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Assembly Report Finds Climate Risk to London Economy
July 29, 2015
A report from the London Assembly calls for efforts by Mayor Boris Johnson to deal with the threats of climate change to the London economy both from extreme weather events and from investments by London financial companies in what they see as unsustainable natural resource consumption.
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