SocialResponsibility

European Union Moves to Simplify ESG Regulations Amid Rising Criticism

28 days ago

The European Union (EU) is taking notable steps to streamline its extensive environmental, social, and governance (ESG) regulations in response to a growing wave of criticism and backlash from various stakeholders. As businesses grapple with the complexities of compliance, the EU's initiative aims to make these regulations more digestible while still maintaining their core objective of promoting sustainable practices.

Spain's Government Imposes New Windfall Tax on Major Banks

1 month ago

In a significant move to address soaring inflation and rising energy costs, the government of Spain has announced a substantial increase in the windfall tax applied to the country’s largest financial institutions. This decision reflects a broader trend in Europe where governments are seeking to tap into unexpected profits gained by major corporations during times of economic distress.

Ben & Jerry's Takes Legal Action Against Unilever Over Speech Restrictions Related to Gaza Conflict

1 month ago

In a bold move that has sent ripples through the corporate world, Ben & Jerry's has filed a lawsuit against its parent company, Unilever. The ice cream brand is challenging what it describes as restrictive measures imposed by Unilever that limit its ability to express its views on pressing global issues, particularly the ongoing conflict in Gaza.

Activist Group Calls for ESG Probe into BlackRock by French Regulatory Authority

2 months ago

In a bold move that underscores the rising scrutiny over environmental, social, and governance (ESG) practices, activist group "Les Amis de la Terre" has urged France's financial regulator, the Autorité des Marchés Financiers (AMF), to investigate investment giant BlackRock. The group asserts that BlackRock has failed to uphold its ESG commitments, marking a significant point of contention in the ongoing debate over corporate responsibility and sustainable investing.