Legislative opportunities to improve corporate accountability at EU level
read more lessWith Power Comes Responsibility
Download
With Power Comes Responsibility (855 KB)
Download
related content
Groups react with dismay to FMO’s position statement on Financial Intermediaries, pointing to outstanding human rights and climate concerns
On October 13th 2022, FMO published the final version of its Position Statement on Impact and ESG for Financial Intermediaries (FI statement). As civil society groups which have engaged with FMO on this topic for…
Get in touch and find out what SOMO Services can do for you
read more
A piece, not a proxy
The European Commission’s dangerous overreliance on industry schemes, multi-stakeholder initiatives, and third-party auditing in the Corporate Sustainability Due Diligence Directive
Industry schemes must not be part of the EU Corporate Sustainability Due Diligence Directive
The European Commission’s proposal for a directive on corporate sustainability due diligence includes a dangerous overreliance on industry schemes, multi-stakeholder initiatives, and third-party auditing, a briefing paper by SOMO concludes. Publication / November 25, 2022…
SOMO welcomes game-changing Dutch bill on mandatory due diligence
The ‘Bill on Responsible and Sustainable International Business Conduct’, submitted to the Dutch Parliament on Tuesday by six Dutch political parties is set to be a game changer in the field of corporate accountability. SOMO…
Telenor and civil society move forward in mediation over digital security of Myanmar citizens
Telenor and 474 civil society organizations from Myanmar, represented by SOMO, have reached a preliminary agreement in an ongoing mediation process related to the Norwegian telecoms operator’s rushed exit from Myanmar in 2021. The memorandum…
EU and UN instruments must work in tandem to guarantee justice
The UN Treaty aimed at regulating the activities of transnational corporations and other businesses (also commonly referred to as the Legally Binding Instrument, or LBI), and the proposed EU Directive on corporate sustainability due diligence…
Independent research confirms FMO’s responsibility for destruction caused by Barro Blanco dam, recommends compensation
Dutch development bank FMO bears responsibility for the destruction of livelihoods, economic losses and environmental damage caused by the construction of the Barro Blanco dam in Panama, according to a report by the bank’s Independent…
New civil society toolkit to counter harmful corporate strategies
The Mind the Gap project has launched a new toolkit for civil society to deal with strategies commonly used by corporations to avoid responsibility for human rights abuses and environmental damage across their supply chains….
In solidarity with daughter of murdered Indigenous leader
On Tuesday 28 June, the Honduran organisation COPINH and the Global Justice Association filed a complaint with the public prosecutor in the Netherlands against Dutch development bank FMO. For COPINH, this is part of their…
FMO fails to meet best practices on financial intermediary lending
In a new Position Statement on Financial Intermediary (FI) Lending, Dutch development bank FMO argues for limited responsibility over the outcomes of investments that are channeled through commercial banks, investment funds, and other financial intermediaries,…