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Financial Companies Agree to "Portfolio Decarbonization"
December 22, 2015
The UN Environment Programme ("UNEP") has announced the addition of financial institutions from the UK, the Netherlands, and France to its "Portfolio Decarbonization Coalition," which seeks to pressure investors to remove funding from companies that UNEP argues contribute to climate change.
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OECD Uses Study to Support Corporate Tax Clampdown
December 22, 2015
The Director of the Organization for Economic Co-operation and Development ("OECD") Centre for Tax Policy and Administration Pascal Saint-Amans uses a study indicating that corporate tax revenues have fallen since the global financial crisis as a share of gross domestic product to argue for the "urgency" of the OECD's global clampdown on corporate tax avoidance.
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NGO Seeks Investor Pressure on Companies over Trafficking
December 22, 2015
Acknowledging the "unprecedented scrutiny" British corporations are facing following the passage of a UK law requiring companies to report on their efforts to rid their supply chains of forced labor, nongovernmental organization Finance Against Trafficking has released a report guiding investors on how to pressure companies to perform extensive supply-chain due diligence in this area.
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Activists Push Divestment from Gun Companies
December 22, 2015
Echoing calls from environmental activists for large investment funds to divest from fossil fuel-related companies, journalist Suzanne McGee highlights a new movement, led by the organization Campaign to Unload, that seeks increasingly drastic measures for investors to pursue to ensure that their money is not invested with companies that produce firearms.
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Philippines Human-Rights Commission Investigates "Carbon Majors"
December 22, 2015
The Philippines Commission on Human Rights has announced that it will cooperate with UN human-rights agencies in investigating a group of multinational energy companies for violating rights through their contributions to the emission of greenhouse gases.
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