24. Investors and regulators shall compel all businesses to comply with the U.N. Global Compact.

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I. Move the Nuclear Weapons Money

Rapporteur: Alyn Ware

Over the next 10 years, governments plan to spend a staggering $1 trillion on nuclear weapons globally. That’s $100 billion annually. Meanwhile the core budget of the UN is just $5 billion. Peace, health, education, climate protection and sustainable development are all underfunded while nuclear weapons budgets continue to rise.

Move the Nuclear Weapons Money is an international campaign which aims to reverse this. It brings together national and international organisations, that have been working independently for a number of years, to promote cuts to nuclear weapons budgets, divestment from nuclear weapons and reinvestment in socially responsible and ethical investment.

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Corporate Social Responsibility Society (CSRS)
Facebook has lots of interesting groups, and I’ve just discovered one that is apparently based at York University’s Schulich School of Business. Check out their Facebook page if you live in Toronto, especially if you’re a student at York U or any other business faculty. They seem to have lots of activities during the academic year.
Metta

Are Lockheed Martin’s nuclear weapons fueling your retirement?comment image
BY TOBY A.A. HEAPS . July 25, 2019 in Corporate Knights
Think you’re not invested in this weapons maker? Canada Pension Plan, Ontario teachers among those banking on nukes.
https://www.corporateknights.com/channels/responsible-investing/sustainable-stock-showdown-lockheed-martin-15640380/?fbclid=IwAR0lsMPxw2NNLc0hUFyGY8pi20lmPWseGxjIEBZEpqXze0kSe7vwwr5Twzk

Karen Savage

New Bill Aims to Compel Companies to Disclose Climate Risks to SEC July 17, 2019 By Karen Savage A bill that would require public companies to disclose the risks posed to their business by climate change passed a crucial committee vote in the House on Wednesday. The House Financial Services Committee passed the Climate Risk Disclosure Act of 2019, which was introduced by Illinois Rep. Sean Casten in 2018. The bill would require the Securities and Exchange Commission (SEC) to develop and implement guidelines for companies on disclosing climate risks. The SEC would be required to make the information available… Read more »

David Langille

These Major Banks are the Biggest Investors in Fossil Fuel Projects (From Sum of Us) A major report released today has found that three of Canada’s largest banks, Scotiabank, TD, and RBC, are amongst the top ten banks in the world funding climate change. The effects of climate chaos will be far worse than previously predicted. To keep global warming to a maximum of 1.5 degrees, by the year 2030, just over a decade away, governments and corporations will need to make drastic changes to reduce carbon emissions to 45% of 2010 levels. Despite the immense scope and magnitude of… Read more »

David Langille

It’s Time for TD, RBC, and Scotiabank Stop Funding Chaos A major report released today has found that three of Canada’s largest banks, Scotiabank, TD, and RBC, are amongst the top ten banks in the world funding climate change. The effects of climate chaos will be far worse than previously predicted. To keep global warming to a maximum of 1.5 degrees, by the year 2030, just over a decade away, governments and corporations will need to make drastic changes to reduce carbon emissions to 45% of 2010 levels. Despite the immense scope and magnitude of the climate crisis, these three… Read more »

David Langille

IT’S TIME FOR TD, RBC, AND SCOTIABANK TOP FUNDING CLIATE CHAOS . (From Sum of Us) A major report released today has found that three of Canada’s largest banks, Scotiabank, TD, and RBC, are amongst the top ten banks in the world funding climate change. The effects of climate chaos will be far worse than previously predicted. To keep global warming to a maximum of 1.5 degrees, by the year 2030, just over a decade away, governments and corporations will need to make drastic changes to reduce carbon emissions to 45% of 2010 levels. Despite the immense scope and magnitude… Read more »

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Now here’s a proposal that should be considered as part of this plank: Create public banks. These would be stronger than credit unions, but accountable in a democratic way, and oriented toward the public good. https://truthout.org/articles/wall-street-beware-the-public-banking-movement-is-coming-for-you/

Secretary General Kofi Annan had his own way of dealing with corporate giants. He allocated a portion of his office to setting up a Global Compact, which would supposedly tame the bad actors. He never said whether he felt he had achieved his goal.