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NGO: Credit Rating Agencies Face Legal Risk over Climate
July 08, 2015
As the UN and environmental activists push financial institutions to advance their climate agenda, the Center for International Environmental Law has published a report warning credit rating agencies that they could face future legal action for failing to consider the impact of climate change in valuing fossil fuel companies.
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GRI Pushes Sustainability Reporting Through Stock Exchanges
July 08, 2015
The Global Reporting Initiative ("GRI") recently partnered with the BSE (formerly the Bombay Stock Exchange) to host an event for business leaders in Mumbai calling for stock exchanges to promote the reporting of nonfinancial environmental and social information by businesses.
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MEPs Develop Strategy on Advancing BHR Treaty
July 08, 2015
The European Coalition for Corporate Justice reports that Members of the European Parliament ("MEPs") have recently held meetings on how they can advance the development of a binding treaty on business and human rights ("BHR") issues, including by placing it on the European Commission's agenda.
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UN Agent Calls for Corporate Natural Resources Treaty
July 08, 2015
UN Special Rapporteur on the rights of freedom of peaceful assembly and association Maina Kiai has called for the development of a binding international treaty to advance the UN business and human rights agenda among all companies, regardless of size, in the natural resources sector.
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AI Pushes Participation in BHR Treaty Process
July 07, 2015
On the eve of the first session of a UN working group developing a binding treaty on business and human rights ("BHR"), Amnesty International ("AI") has called on all countries to participate in the creation of a broad, binding treaty that addresses "gaps" in the current framework of the UN Guiding Principles on BHR.
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