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China Leads G20 into Green Finance Reflection: To be continued?

Center of Concern | Wed, Sep 28, 2016

China Leads G20 into Green Finance Reflection: To be continued?

In an innovative and promising development from the Leaders of the Group of 20 (G-20), this year's meeting in Hangzhou, China, on 4-5 September 2016, considered conclusions from a Green Finance Study Group that this year deliberated for the first time. In a new guest article for the International Institute on Sustainable Development, “China Leads G20 into Green Finance Reflection: To be continued?”, CoC team member Aldo Caliari comments on the significance of the Study Group and its conclusions for making international finance consistent with the requirements of sustainable development.

Read full article.

Rethinking Bretton Woods | Thu, Sep 22, 2016

Group of 20 Leaders gathering in Hangzhou: Find out what they decided

Group of 20 Hangzhou Summit: What did they decide?

On September 4-5, 2016, Heads of State of the Group of 20 –the premier forum for international economic cooperation for the largest economies of the world -- held their yearly Summit, this year under the Presidency of China, in the city of Hangzhou (China). Meeting amidst rising concerns about the continuing malaise in the global economy, inequality and growing signs of discontent with globalization, the Summit released and endorsed more than 20 initiatives and Action Plans. Issues discussed included the reform of the international monetary system, financial regulation and green finance, structural reform, infrastructure finance, industrialization and the G20’s contribution to the Sustainable Development Goals.

Read Some highlights of the 2016 China-led G20 Summit

Read G20 Hangzhou agreement unlikely to heal global economy’s malaise

Rethinking Bretton Woods | Sat, Sep 10, 2016

CoC speaks at International Tax Justice Academy

On September 12th through 16th, 2016, CoC team member Aldo Caliari will attend the International Tax Justice Academy, held in Nairobi (Kenya). This Pan-African initiative aims to bridge an existing knowledge gap on tax justice in Africa and empower CSOs and other related organizations to effectively engage in policy advocacy on taxation as it relates to Africa’s economic development. Caliari will be facilitating and speaking at sessions on tax policy and human rights and on tackling illicit financial flows. 

Rethinking Bretton Woods | Sat, Aug 27, 2016

Civil society report assesses sustainable development agenda implementation

Independent monitoring and review of the implementation of the 2030 Agenda and its structural obstacles and challenges are key factors for the success of the Sustainable Development Goals. What are currently the main obstacles to achieving the said goals? Are there transnational spillover effects that influence or even undermine the implementation of the goals? Are the current policy approaches an adequate response to the challenges and? What has to be done? Which specific policy changes (at international level) are necessary?

The Reflection Group on the 2030 Agenda for Sustainable Development, together with other civil society organizations and networks, has produced the first annual Spotlight Report assessing the implementation of the 2030 Agenda and the structural obstacles in its realization. Click here to download the full report, and click here for single chapters, and to find national coalition reports.

Rethinking Bretton Woods | Mon, Aug 8, 2016

Are you invested in palm oil exploitation?

Palm oil’s rise in the last two decades has relied to a great degree on externalizing the real costs of production. Millions of hectares of rainforests and peatlands have been destroyed for plantations in Southeast Asia, Latin America, and sub-Saharan Africa. Multitudes of indigenous peoples, smallholder farmers and others had their customary lands and livelihoods subsumed into the palm oil plantation sector.

Who finances such exploitation and what can be done to stop it? A blog appeared on RightingFinance.org, highlights findings from a Friends of Earth's report that financing for palm oil production comes from a wide spectrum of global commercial banks and a broad swatch of equity investors from Asia, Europe, and the U.S., and the report's recommended approach based on four pillars of responsibility for investors. (Photo credit: Jason Taylor/FoE International).

What should companies be letting you know about their operations?

Rethinking Bretton Woods | Sun, Jul 31, 2016

What should companies be letting you know about their operations?

In the quest to make investors accountable for the environmental and human rights impacts of their activities, regulations on corporate disclosure can be a powerful tool. Responding to a call for comments by the US Securities and Exchange Commission, Center of Concern and other organizations pointed to indications of growing shareholder interest in data on sustainability, and make the case for re-interpreting the concept of “materiality” that conditions which information companies should report.  “Society’s expectations of companies’ social and environmental responsibilities have changed over the four decades since the SEC first considered requiring better disclosure of environmental and social facts, as has the composition of the investing public,” the organizations said.

What should companies be letting you know about their operations?

Rethinking Bretton Woods | Sun, Jul 31, 2016

What should companies be letting you know about their operations?

In the quest to make investors accountable for the environmental and human rights impacts of their activities, regulations on corporate disclosure can be a powerful tool. Responding to a call for comments by the US Securities and Exchange Commission, Center of Concern and other organizations pointed to indications of growing shareholder interest in data on sustainability, and make the case for re-interpreting the concept of “materiality” that conditions which information companies should report.  “Society’s expectations of companies’ social and environmental responsibilities have changed over the four decades since the SEC first considered requiring better disclosure of environmental and social facts, as has the composition of the investing public,” the organizations said.

What should companies be letting you know about their operations?

Rethinking Bretton Woods | Sun, Jul 31, 2016

What should companies be letting you know about their operations?

In the quest to make investors accountable for the environmental and human rights impacts of their activities, regulations on corporate disclosure can be a powerful tool. Responding to a call for comments by the US Securities and Exchange Commission, Center of Concern and other organizations pointed to indications of growing shareholder interest in data on sustainability, and make the case for re-interpreting the concept of “materiality” that conditions which information companies should report.  “Society’s expectations of companies’ social and environmental responsibilities have changed over the four decades since the SEC first considered requiring better disclosure of environmental and social facts, as has the composition of the investing public,” the organizations said.

Rethinking Bretton Woods | Sun, Jul 24, 2016

CoC delivers civil society statement at closing session of UNCTAD 14

At the closing ceremony of UNCTAD 14th in Nairobi (Kenya), attended by the President of the host country, Center of Concern staff Aldo Caliari delivered the concluding statement on behalf of the civil society organizations attending the conference. Click here to watch video of the intervention (Intervention begins at 10:55).

Click here to read an analysis of the Outcome.

Rethinking Bretton Woods | Sun, Jul 10, 2016

Center of Concern at conferences on trade and finance, debt

On July 17-22, 2016, RBW Project Director Aldo Caliari will be in Nairobi (Kenya), attending the Fourteenth Session of the United Nations Conference on Trade and Development (UNCTAD XIV). At the conference, held every four years, the membership of the organization decides on its work program for the period until the next conference. Being the first such quadrennial gathering after the global commitments on Sustainable Development Goals of last year, the role of UNCTAD in helping countries, especially developing ones, implement the goals will feature prominently on its agenda.

On the preceding days, also in Nairobi, he will be attending a global assembly of organizations working on debt and development (July 13-14) and the UNCTAD Civil Society Forum, which starts on the 15th – although it then continues to run alongside the rest of the UNCTAD XIV Conference.

See civil society demands for UNCTAD XIV Outcome.

Read civil society statement delivered at UNCTAD 14 closing ceremony by CoC staff Aldo Caliari.

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