Business & Human Rights Resource Centre
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Featured pages UK Government Will Investigate Chad Water Contamination Complaint Against Mining Giant Glencore , 8 February 2021
The UK government accepted in January that issues raised in a complaint filed against UK mining firm Glencore in respect of its handling of two contamination incidents at its Badila oilfield in southern Chad âmerit further examinationâ.
The complaint, filed by three human rights groups, alleges violations of OECD guidelines and details environmental and human rights harms as well as social engagement failures by the company.
The two incidents occurred in 2018: the first when an earth bank supporting a wastewater basin collapsed spilling 85 million litres of contaminated water onto neighbouring fields and into the Nya Pende River, which is the main source of water for the local population. The second occurred a few w
Independent Complaints Panel Finds Golden Veroleum Liable of Destroying Liberia’s Forests
Independent Complaints Panel Finds Golden Veroleum Liable of Destroying Liberia’s Forests
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Monrovia, Amsterdam, Washington D.C. – The High Carbon Stock Approach (HCSA), an agribusiness industry sustainability body, has confirmed longstanding allegations that Golden Veroleum Liberia, the Liberian investee of palm oil giant Golden Agri-Resources, committed widespread deforestation over a thousand hectares of forest, including endangered species habitat and important wetlands. In a comprehensive report published this month, the company was also found to have violated the land and cultural rights of local communities, including the right to free prior and informed consent and social requirements on basic needs and grievance and remedy.
17 February, 2021German unions have argued for years that a law on due diligence in supply chains – Sorgfaltspflichten - is necessary. Now their arguments are being taken seriously, and a new law on due diligence in supply chains is expected to be passed before the elections in autumn 2021.
The law will incorporate the provisions of the UN Guiding Principles for Business and Human Rights and the OECD Guidelines for Multinational Enterprises into German domestic legislation. Although the draft text of the law has not been published yet, ministers announced details at a press conference on 12 February.
The law will place legal obligations on companies headquartered in Germany to ensure that human rights and related environmental standards are observed at all levels of the supply chain. The law is expected to come into force at the beginning of 2023, and will initially cover companies with more than 3,000 employees. From 2024, it will cover companies with more than 1,000.
The company is also found to have violated the land and cultural rights of local communities, including the right to free prior and informed consent and social requirements on basic needs and grievance and remedy.
1. Introduction
1 (RTS) under the EU Sustainable Finance Disclosure Regulation
2 (SFDR), which set out the detailed disclosure requirements for the principal adverse impacts sustainability statements
3 and the disclosure requirements for Article 8
4 and Article 9
5 funds or portfolios, together with the related mandatory disclosure templates.
The revised RTS take account of the feedback received to the ESAs’ Consultation Paper of 23 April 2020
6 on the first draft of the RTS and also incorporate the mandatory disclosure templates following the feedback received by the ESAs to their online survey and consumer testing exercise.
In this alert, we cover the key changes in the revised RTS and the use of the mandatory disclosure templates as they relate to alternative investment managers and their funds or portfolios. The format of the principal adverse impacts sustainability statements and the four mandatory disclosure templates are annexed to this client alert for easier ref