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New U.S. Sanctions Effectively Ban Burmese Gems


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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has placed Myanma Gems Enterprise on its Specially Designated National list which means the vast majority of Burmese rubies, jade, and other gems cannot be purchased by U.S. companies.
Myanma Gems Enterprise also known as Myanmar Gems Corp. and Myanmar Gems Enterprise is a subdivision of the government’s ministry of mines and is “responsible for all gemstone activities in Burma,” according to a statement from the Treasury Department. It also organizes the local emporiums and sales where rubies and jade are sold, including one currently taking place in the country’s capital, Naypyitaw. (The company did not respond to a request for comment submitted via its Facebook page.) ....

United States , Hong Kong , Sara Yood , Doug Hucker , American Gem Trade Association , Organisation For Economic , Myanmar Imperial Jade Co , Jewellery Co , Treasury Department , Myanmar Economic Corp , Myanmar Gems Corp , Jewelers Vigilance Committee , Myanma Economic Holdings Public Co , Assistance Association For Political Prisoners , Foreign Assets Control , Myanma Gems Enterprise , Specially Designated National , Gems Enterprise , Myanmar Gems , Myanmar Gems Enterprise , Economic Cooperation , Due Diligence Guidance , Assistance Association , Political Prisoners , Myanmar Ruby Enterprise , Myanma Economic Holdings Public ,

Commentary: Germany's proposed supply-chain law—a glass half-empty - Business & Human Rights Resource Centre


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Commentary: Germany’s proposed supply chain law should provide for civil liability and align with international standards
Germany’s proposed supply-chain law—a glass half-empty
‘The strongest law in Europe.’ That’s what the federal minister of labour, Hubertus Heil, is calling Germany’s proposed legislation on supply chains (
Lieferkettengesetz). Is he right?
Well, yes and no. The government plans to introduce a new duty of care for human rights. If approved by parliament, Germany will become only the second country with such a law. ....

Hubertus Heil , European Commission , United Nations Guiding Principles , Human Rights , Due Diligence Guidance , Responsible Business Conduct , Economic Cooperation , ுபெர்த்துச் ஹீல் , ஐரோப்பிய தரகு , ஒன்றுபட்டது நாடுகள் வழிகாட்டுதல் ப்ரிந்ஸிபல்ஸ் , மனிதன் உரிமைகள் , காரணமாக விடாமுயற்சி வழிகாட்டல் , பொறுப்பு வணிக நடத்தை , பொருளாதார ஒத்துழைப்பு ,

Switzerland: ESG reporting and due diligence requirements


Switzerland: ESG reporting and due diligence requirements
On 29 November 2020, Swiss voters opted for the introduction of EU-style ESG reporting and due diligence requirements and against the so-called Responsible Business Initiative.
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In brief
On 29 November 2020, Swiss voters opted for the introduction of EU-style ESG reporting and due diligence requirements and against the so-called Responsible Business Initiative. While the initiative would have added teeth to the civil liability regime for the violation of international human rights and environmental standards across the supply chain, the substantive requirements regarding ESG reporting and due diligence across the extended enterprise are not any lighter under the chosen approach. We expect that affected companies will have to apply the new requirements in financial year 2023. ....

The Netherlands , National Actions , Eu Commission , Legal Affairs Committee Of The European Parliament , Compliance Program , Guidelines For Multinational Enterprises , Global Reporting Initiative , Swiss Federal Council , Oecd Guidelines For Multinational Enterprises , Enterprise Risk Frameworks , Compliance Programs , Financial Reporting Directive , Business Model , Risk Assessment , Due Diligence , Multinational Enterprises , Federal Council , Due Diligence Guidance , Responsible Supply Chains , High Risk Areas , Dutch Child Labour Due Diligence Act , Labour Guidance Tool For Business , Human Rights , Swiss Code , Frank Act , National Actions Plans ,