Contradictions, Incentives and Policy OptionsCurrent BITs assume that all investments are beneficial for development and that foreign investment will be attracted by agreements that guarantee the protection of foreign investors. Such protection measures include the guarantee that governments refrain from taking measures that limit profit making. The impact of foreign investors on societies, workers, consumers, the environment and other CSR-related issues is not adequately covered by the agreements. The responsibility for monitoring and improving corporate behaviour has so far remained in the arena of voluntary initiatives. read more less
On March 13, SOMO shared a statement on the recent reforms to the World Bank’s accountability system, together with the Bank Information Center, the Center for International Environmental Law, Inclusive Development International and Accountability Counsel….
ACIDH, Al-Haq, ECCJ, PremiCongo, PODER and SOMO sent in a joint submission to the UN Open-ended intergovernmental working group on transnational corporations and other business enterprises with respect to human rights. SOMO and its partners…
SOMO provided input for Round Table talks in the Dutch Parliament on a binding UN treaty on business and human rights which is now under discussion. Read more (in Dutch) >