At the 26th session of the UN Human Rights Council in Geneva, June 2014, two resolutions were adopted by the Council. The first, drafted by Ecuador and South Africa, directs “to establish an open-ended intergovernmental working group with the mandate to elaborate an international legally binding instrument on Transnational Corporations and Other Business Enterprises with respect...
Tweet The Financial Reporting Council has published its Guidance on the Strategic Report. The non-mandatory guidelines are designed to encourage companies to provide their shareholders with a holistic and meaningful picture of their business model, strategy, development, performance, position and future prospects. In the lead up to the release of the report, accountancy bodies, investors...
As part of our ongoing work around corporate transparency, we wrote to Jenny Willott MP, Minister for Employment Relations and Consumer Affairs, to request a meeting to discuss progress on supply chain transparency. BIS has put a good deal of effort and resources into reform of non-financial reporting, corporate governance and supply chain transparency. It...
By Marilyn Croser, CORE Director Four things that jumped out at me from the Kiobel FoI documents that have been released to CORE: We have a problem A section on p.52 headed ‘Prosperity and support to British business’ in a briefing for Ministers on whether to submit an amicus brief in the Kiobel case includes...
The report from the parliamentary committee looking at the draft Modern Slavery bill has recommended legislative measures to address the issue in company supply chains. Key extracts: 169. ….The CORE Coalition warned us that the purely voluntary approach has not been effective at eliminating modern slavery. 170. We recognise the important role NGOs have played...
Marilyn Croser, CORE Coordinator Below is some background about our story in today’s Guardian on the way Shell and Rio Tinto successfully lobbied the UK government for support against human rights court cases in the U.S. The FCO documents were released to us at the end of February, for key quotes and analysis see this...
Documents released to CORE reveal how the oil giant Shell and mining multinational Rio Tinto successfully lobbied for UK government backing against human rights court cases in the U.S., at the same time as the UK was preparing its Business and Human Rights Action Plan. Read the press release >>
The UK and other governments have succeeded in watering down new European rules designed to boost corporate transparency. However, MEPs brought forward and defended some important improvements to the initial proposal, such as a requirement for companies to report on the most significant risks to people and planet posed by their suppliers. The reform will...
Tanzanian villagers using an internal company grievance process to raise complaints about UK mining firm African Barrick Gold (ABG) have been required to sign a confidential legal waiver, committing them to secrecy and barring them from taking part in any further actions against the company. Read the press release >>
