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SINGAPORE—The International Labor Organization (ILO) said countries should capitalize on the demand of multinational firms for a “human-centered” pandemic recovery by implementing its Multinational Enterprises and Social Policy (MNE) declaration, to attract more foreign direct investments (FDI). In a press conference, ILO Multinational Enterprises and Enterprise Engagement Unit Head Githa…
As the European Union (“EU”) continues to debate whether downstream responsibilities will fall within the contours of its hefty Corporate Sustainability Mandatory Due Diligence...
A scorecard released by FOE finds that consumer brands are failing to hold destructive palm oil supplier Astra Agro Lestari accountable.
A new initiative law on ‘Responsible and Sustainable International Business Conduct’, submitted to the Dutch Parliament on 1 November by six political parties obliges companies to conduct business with respect for human rights, the environment, and the climate. The initiative law is based on the OECD Guidelines for Multinational Enterprises, a set of rules that companies are already accustomed to working with. Companies must map their production chains and identify possible abuses. If abuses are found, a company must address them and, in some cases, repair them. An independent supervisor...
European banks and investors have invested heavily in Qatari sovereign bonds, and construction and hospitality companies — with scant attention to well-documented human rights violations. Which shows the need for financial sector's inclusion into the EU's...