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World Bank: Tech Companies Increase Economic Inequality
January 22, 2016
The Guardian reports that a paper from the World Bank blames large technology companies for contributing to increasing economic inequality by providing employment to relatively wealthy job-seekers and calls for these companies to offset this effect by providing internet access to all.
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Apple's Board Rejects Proposal on Management Diversity
January 21, 2016
As activist pressure on companies to adopt policy commitments to equality and diversity ramps up, the board of directors of technology company Apple has rejected a shareholder proposal that seeks a recruitment policy increasing the representation of minorities in its leadership, asserting that the company has already demonstrated its commitment to diversity.
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Observers Call for Lower Barriers for BHR Liability in Italy
January 21, 2016
Business and human rights ("BHR") researcher Marta Bordignon and lawyer Giacomo Maria Cremonesi have published an article calling on Italy to include in its BHR national action plan measures facilitating the filing of lawsuits against corporations for alleged BHR violations and placing the burden on businesses to show they have sufficient BHR measures in place.
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UN, Law Firm Report Details BHR Risks for Banks
January 20, 2016
A report from the UN Environment Programme Finance Initiative and law firm Foley Hoag LLP contains a legal analysis of challenges banks face in light of the adoption of the UN Guiding Principles on Business and Human Rights ("BHR"), domestic "hard law" establishing BHR duties and responsibilities, and "soft law" norms seeking to guide corporate conduct.
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UN Report Lauds UK "Green Finance" Initiatives
January 20, 2016
A new report from the UN Environment Programme applauds UK initiatives for placing pressure on financial companies to take into account social and environmental factors in their decision-making and calls for more action from Britain to promote "green bonds" and other vehicles that support the UN's "sustainability" agenda.
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