News & Analysis as of September 20, 2024

Corporate Social Responsibility › Organization for Economic Co-operation and Development

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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 -

[Virtual Event] ESG and Compliance Conference - November 7th, 8:00 am - 5:00 pm CT

Society of Corporate Compliance and Ethics... on 8/27/2024

Stay on top of ever-evolving ESG requirements and emerging trends - With the SEC’s newly issued rules surrounding ESG disclosures and the continued growth of regulations rolling out in the EU, Canada, Asia and elsewhere...more

OECD Updates Corporate Due Diligence Guidelines

Latham & Watkins LLP on 6/27/2023

The Guidelines build on current social, environmental, and technological issues facing businesses following the last update in 2011. The Organisation for Economic Co-operation and Development (OECD) released updated...more

ClientEarth Litigation in U.S. Over Deforestation in Brazil

Cadwalader, Wickersham & Taft LLP on 6/6/2023

Environmental group ClientEarth has filed a complaint against Cargill, one of the world’s largest soy and grain traders, over alleged deforestation and related human rights issues in Brazil. The complaint, which is not yet...more

Regulation of Forced Labor in Supply Chains: Why It Matters and How Companies Can Comply

WilmerHale on 6/14/2022

Corporate Obligations to Address Forced Labor in Supply Chains Relevant to You? International organizations like the International Labor Organization, the Organization for Economic Cooperation and Development and the...more

EU Guidance for Businesses on Forced Labour Corporate Due Diligence

Morgan Lewis on 8/24/2021

The European Commission and the European External Action Service issued Guidance on Due Diligence for EU Businesses to Address the Risk of Forced Labour in Their Operations and Supply Chains (Guidance) on 12 July as a guide...more

EU issues guidance for businesses on forced labour due diligence

Hogan Lovells on 8/10/2021

On 12 July 2021, the European Commission and European External Actions Service published Guidance on Due Diligence for EU Businesses to Address the Risk of Forced Labour in their Operations and Supply Chains, which provides...more

National Contact Points in OECD Countries Promote Business & Human Rights in the Extractives Sector

King & Spalding on 5/19/2021

For over 20 years, a little-known dispute resolution mechanism has facilitated conciliatory ends to numerous human rights and environmental grievances levied against multinational corporations. The OECD’s National Contact...more

EU Conflict Minerals Regulation: What You Need to Know

NAVEX on 4/8/2021

On January 1, 2021, the Conflict Minerals Regulation (EU Regulation 2017/821) came into full force across the EU. This new law aims to ensure that importers of certain materials originating from conflict-affected and...more

It pays to be sustainable – a new cornerstone for the green revolution

White & Case LLP on 5/3/2019

Governments and multilaterals alone cannot finance the transition to a sustainable, low-carbon economy: the world's savers (via the banks and bond market) represent the only pool of capital deep enough. The OECD estimates...more

“Specific Instances” under OECD Guidelines – What can financial institutions learn from the recent ANZ case on providing finance...

Hogan Lovells on 11/26/2018

The Australian National Contact Point for the OECD Guidelines for Multinational Enterprises (“AusNCP”), which handles “specific instances” relating to alleged non-observance of the Guidelines...more

OECD Releases Due Diligence Guidance for Responsible Business Conduct

Foley Hoag LLP - Global Business and Human... on 6/27/2018

On June 20, at the 2018 Global Forum on Responsible Business Conduct, the Organization for Economic Co-operation and Development (“OECD”) formally launched its new Due Diligence Guidance for Responsible Business Conduct....more

Human Rights Considerations & Best Practices for Energy Companies

King & Spalding on 10/13/2017

International human rights laws and norms are increasingly playing a role in shaping how energy companies conduct their business all over the world. Shareholders increasingly demand compliance with human rights norms;...more

Three Fund Issues That Can Unexpectedly Impact Portfolio Company Investments

Latham & Watkins LLP on 7/20/2017

Increasingly complex fund structures and documentation mean that analysing how potential portfolio acquisitions interact with the fund at the top of any deal structure is more important now than ever. Investor Excuse...more

The OECD’s View on Integration of ESG Issues into Investments – What Next?

Latham & Watkins LLP on 5/15/2017

The Organisation for Economic Co-operation and Development (OECD) published a report (OECD Report) on investment governance and integration of environmental, social and governance (ESG) factors on 2 May 2017. The OECD Report...more

Five on Friday – Five Recent Developments that We’ve Been Watching Closely - February 2017

Foley Hoag LLP - Global Business and Human... on 2/10/2017

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: a federal court decision holding that U.S.-based companies may be...more

Five on Friday – Five Recent Developments that We’ve Been Watching Closely: August 2016

Foley Hoag LLP - Global Business and Human... on 8/12/2016

It’s Friday and time for another overview of developments in the field of business and human rights that we’ve been monitoring....more

Five Key Points about the New European Union Conflict Minerals Agreement

Foley Hoag LLP - Global Business and Human... on 6/23/2016

On June 15, the European Union announced that it had reached a “political understanding” on many of the substantive components of a new conflict minerals regulation. The regulation, once drafted, will be submitted to the...more

Human Rights Expectations for the Banking Sector: A New Report from Foley Hoag and UNEP FI

Foley Hoag LLP - Global Business and Human... on 1/28/2016

Attorneys in Foley Hoag’s Corporate Social Responsibility (“CSR”) practice and the U.N. Environment Programme Finance Initiative (“UNEP FI”) recently collaborated on a report analyzing the implications of the U.N. Guiding...more

New International Standard, ISO 19600:2014, Makes Few Headlines But May Have Huge Impact

NAVEX on 9/10/2015

Those of us working in the ethics and compliance field know that there is no shortage of guidance on best practices for establishing and maintaining an ethics and compliance program. In the U.S., the Federal Sentencing...more

John Bell Hood and the Measurement of Conduct Risk

Thomas Fox - Compliance Evangelist on 7/18/2014

Readers of this blog know I am huge Civil War buff. Growing up in Texas, I only focused on the Southern side as a youngster and while this led to a sometime myopic view of events, in my mid-20s when I did begin to study the...more

Defining, Enforcing and Preventing Conduct Risk

NAVEX on 7/17/2014

An international focus on defining, preventing, and understanding the concept of “conduct risk” has become problematic for financial services organisations in the UK and beyond—in part because the term is not yet clearly...more

“Hardening” Soft Law and Human Rights Expectations for Financial Institutions

Foley Hoag LLP - Global Business and Human... on 11/1/2013

Earlier this month, a group of global banks known as the Thun Group released a discussion paper exploring the ways in which financial institutions might seek to integrate the U.N. Guiding Principles on Business and Human...more

Competitive “(Dis)advantage” And Extraterritoriality Of Anti-Bribery Laws

Thomas Fox - Compliance Evangelist on 6/3/2013

I was recently interviewed by Branislav Hock, a Research Master in Law Tilburg University in The Netherlands in connection with his graduate studies. Bribery, including its various forms such as political contributions or...more

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Corporate Social Responsibility › Organization for Economic Co-operation and Development

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