News & Analysis as of

Corporate Social Responsibility

Corporate Social Responsibility refers to a business model that incorporates self-regulation mechanisms and aims to ensure better corporate compliance with ethical standards and international norms. Some... more +
Corporate Social Responsibility refers to a business model that incorporates self-regulation mechanisms and aims to ensure better corporate compliance with ethical standards and international norms. Some businesses approach the concept of corporate social responsibility more generally and define it as efforts to limit businesses' negative environmental and social impacts.  less -

Mark Zuckerberg, FOSTA-SESTA, and the Challenges of Content Moderation

In his testimony before Congress last week, Facebook CEO Mark Zuckerberg observed that, on issues ranging from fake news to hate speech, the company “didn’t take a broad enough view of our responsibility, and that was a big...more

Securities Regulators Anticipate Greater Requirements on Climate Change Disclosure

by Bennett Jones LLP on

On April 5, 2018, the Canadian Securities Administrators (CSA) published CSA Staff Notice 51-354 Report on Climate change-related Disclosure Project, which reports the findings of their project to review disclosure by...more

Congress Enacts Law Creating a Sex Trafficking Exception From the Immunity Provided by Section 230 of the Communications Decency...

by WilmerHale on

On Wednesday, April 11, the President signed into law the Allow States and Victims to Fight Online Sex Trafficking Act of 2017, also known as “FOSTA.” FOSTA aims to address congressional concerns that certain online service...more

Hong Kong Considers Draft Law Requiring Companies to Report on Modern Slavery

by Littler on

The Hong Kong legislature is currently considering draft legislation which, if enacted, will require certain companies—including those incorporated outside of Hong Kong—to publish a “slavery and human trafficking statement.” ...more

Highlights from the Thomson Reuters London Risk and Compliance Summit

The Thomson Reuters London Risk and Compliance Summit explored the technologies and partnerships that are enabling financial institutions to be ‘risk confident’ and #FightFinancialCrime. Here are some of the highlights...more

Australia's Proposed Modern Slavery Act May Impact American Companies

by FordHarrison on

U.S. companies with operations in Australia may soon be impacted by the establishment of a new Modern Slavery Act (the MSA) in Australia....more

Five on Friday – Five Recent Developments that We’ve Been Watching Closely - April 2018

It’s Friday and time for another overview of developments in the field of business and human rights that we’ve been monitoring. This week’s post includes: two new reports looking at corporate compliance with the U.K....more

Combating Online Sex Trafficking Around the Globe

by Proskauer For Good on

Discussing the pervasiveness and impact of online sex trafficking and how to fight it, Proskauer hosted a seminar titled “Combating Online Sex Trafficking: Confronting Challenges, Forging Cooperation.” It is estimated that...more

PepsiCo’s Performance with Purpose – Implications for Compliance

by Thomas Fox on

PepsiCo has a program called “Performance with Purpose” (PwP) that I think every Chief Compliance Officer (CCO) or compliance professional needs to become familiar with this for their practice. According to the online site...more

One year after the enactment of French law, is your company vigilant enough to avoid civil liability?

by Hogan Lovells on

On 27 March 2017, France went one step further than other countries by adopting “hard” law on human rights with the very broad Law on the “duty of vigilance of the parent companies and main contractor companies”. ...more

Bill Expands Corporate Liability for Human Trafficking to Social Media Companies

By removing immunity for illegal content, the recently passed bill emphasizes the need for anti-human trafficking compliance and online account monitoring. The recently passed bill creates civil liability for social media...more

Corporate Responsibility to Migrant Workers: Preventing Exploitation in Your Supply Chain

The exploitation of migrant workers continues to be a problem across the globe as reports surface of forced labor for little to no compensation. The role multinational corporations play – or should avoid playing – in this...more

Corporate Human Rights Benchmark Releases 2018 Methodology

The Corporate Human Rights Benchmark (“CHRB”) has released its 2018 research methodology, reflecting revisions to the 2016 methodology used to produce CHRB’s 2017 inaugural benchmarking report....more

Bondage, Enslavement, Servitude: New South Wales follows suit and proposes Modern Slavery Law

by DLA Piper on

Modern Slavery Act in New South Wales - New South Wales has followed the Commonwealth's lead and introduced a Modern Slavery Bill 2018 into the New South Wales Legislative Council on 8 March 2018....more

Corporate and Financial Weekly Digest, Featuring Topics on Broker-Dealer, CFTC, Derivatives, Brexit and UK and EU Developments

BROKER-DEALER - SEC Proposes Transaction Fee Pilot Program On March 14, the Securities and Exchange Commission proposed new Rule 610T of Regulation National Market System (Reg NMS), which would create a Transaction Fee...more

Save the World, Reduce Your Cost of Capital: How Danone is Turning ESG Impact into Lower Borrowing Costs

The world is changing! Over the last several years, Environmental, Social and Governance (ESG) criteria have been an emerging focus in the investing world, primarily driven by equity investors where it can be harder for a...more

Parent company liability in England for human rights impacts abroad: Lungowe v Vedanta

by Hogan Lovells on

Conventionally, a "corporate veil" and the doctrine of "forum non-conveniens" have isolated UK businesses from human rights related claims arising out of the operations of their foreign subsidiaries. ...more

Companies Must Carefully Consider ESG Disclosures Under UK Non-Financial Reporting Directive

by Latham & Watkins LLP on

Companies should conduct thorough due diligence in light of closer scrutiny from stakeholders and governmental and non-governmental bodies. Companies are facing increasing pressure to report on environmental, social, and...more

Corporate Social Responsibility Compliance in 2018, and Beyond – An Overview for In-House Legal Counsel

by Ropes & Gray LLP on

After years of looming on the fringes, 2018 is likely to go down as the year that corporate social responsibility compliance became a core responsibility of in-house legal departments....more

Making a Difference (and a Profit): Advantages and Disadvantages of Forming or Converting into a “B” Entity

by Bryan Cave on

With the creation of “B” Entities, businesses no longer need to choose between shareholder value and social impact. Under traditional corporate structures, directors have a fiduciary duty to maximize corporate profits and...more

Families Find Free Legal Help With LIFT

by Proskauer For Good on

The fast pace of technological change has left the poor and unrepresented behind in many parts of America. But in New York State family courts, Proskauer lawyers are part of an exciting new pilot project spearheaded by the...more

New Human Rights Case Alleging Deception Of Consumers Filed Against Food Companies (This Time On The East Coast)

by Perkins Coie on

In the wake of the 2016 dismissal of human rights cases filed against food companies in California, a new class action case was filed on February 26, 2018 in Massachusetts federal court (Tomasella v. Hershey Co.) alleging...more

Do Google, Amazon, and Apple Support Male Guardianship Laws?

by Atma Global on

In recent weeks, Google, Amazon, and Apple announced plans to launch technology partnerships in Saudi Arabia. Tech firms have already come under scrutiny for alleged gender pay discrimination, as well as for fostering work...more

Sustainability in the Fashion Industry: Kering Group’s Innovative Approach in the Luxury Sphere

by Goulston & Storrs PC on

Retailers are facing an increasing population of ethically minded consumers. A Nielsen 2015 global survey found that 66% of respondents were “willing to pay more for products and services that come from companies that are...more

BlackRock Publishes Updated Proxy Voting Guidelines

by White & Case LLP on

BlackRock, Inc. ("BlackRock") recently published its updated "Proxy Voting Guidelines for US Securities". Consistent with BlackRock's recent communications related to its investment principles, the guidelines emphasize...more

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