On 8 July 2019, Parliamentarians from the 57 participating States of the Organisation for Security and Cooperation in Europe (OSCE) have adopted the Declaration on Advancing… Read More »Strong call from OSCE countries to support the negotiations to ban lethal autonomous weapons
On the 23rd May 2019 Banktrack, Urgewald and Facing Finance, partners in the Fossil Banks-No Thanks campaign, attended the Deutsche Bank AGM under the slogan… Read More »AGM 2019: Deutsche Bank CEO “we have cleaned up the Deutsche Bank”.
UN-draft binding treaty on human rights for transnational corporations and other business enterprises.
The negotiation process towards a meaningful treaty on business and human rights has been underway since 2014 at the UN Human Rights Council. The process has been a slow one but the development and release of the draft treaty in July this year is a strong indication that there is a clear change coming to the world of business and human rights.
The need for a binding treaty which holds companies to account in their operations, particularly for operations in developing countries, has long been pushed by civil society organisations as the existing soft instruments (such as the UN Guiding Principles on Business and Human Rights) do not have the required legal weight or binding force. It is largely acknowledged that Corporate self-regulation has failed. The local laws and deficient enforcement mechanisms in some countries mean that people affected by corporate human rights abuses have no access to effective grievance mechanisms. Companies and communities shown in our Dirty Profits report over time have shown the difficulties communities and individuals face in accessing compensation from corporate transnational companies such as Exxon, Chevron, Glencore, Barrick Gold and many others.
Glencore, the world’s largest commodity corporation, is suspected of corruption in the Democratic Republic of the Congo and is expected to be sued on that… Read More »“Relationships” in Congo – Corruption allegations against Glencore
The Tuticorin copper smelter located in a South Indian city of 320,000 and owned by Vedanta Resources, has faced criticism for more than two decades… Read More »Deadly protests lead to the closure of Vedanta’s copper smelter in southern India