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NGOs Criticize Banks for Failure to Implement BHR
December 17, 2014
The nongovernmental organization ("NGO") network BankTrack has called on banks around the world to implement international business and human rights ("BHR") standards in their operations and to provide "grievance mechanisms" for those who allege violations of these standards.
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Article Calls for Expanded Government Participation in BHR Agenda
December 10, 2014
Following the third annual UN Forum on Business and Human Rights ("BHR") in Geneva, an article in The Guardian expresses concern that some governments are "outsourcing" the responsibility to protect human rights to global corporations.
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Activists Call for Corporate Tax to Fix Climate Damage
December 10, 2014
Climate activists Saleemul Huq and Julie-Anne Richards have called for a global levy on companies that engage in fossil fuel extraction to fund an "international loss and damage mechanism" that compensates people for the alleged effects of climate change.
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UN Holds Session on Business Cooperation with Climate Agenda
December 10, 2014
At the UN climate change talks in Lima, Peru, the organization's Global Compact held a Caring for Climate Business Forum at which it pushed business leaders to participate in the UN's global warming agenda and announced the launch of a "Business and Investor Working Group on Carbon Pricing."
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OECD Finds Income Inequality Harms Economic Growth
December 10, 2014
A recent report from the Organisation for Economic Co-operation and Development ("OECD") finds that inequality of incomes harms economic growth and encourages redistributive policies, including "cash transfers," as remedies.
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