Can Corporations stop being people’s enemies?

In the current unjust Socio-Economic System, maximizing shareholder value at all costs is the motto of most corporations which creates impoverished societies. There is growing income inequality in the world with some CEOs (some developed Countries) getting 300 times more salaries than the minimum paid worker in the same company! How can it be justified, morally, ethically or from a human rights point of view?

Most multinational corporations reduce their expenses by shifting the production offshore to countries of the Global South where cheap labor and low government regulation exists. When corporations avoid paying their fair share of taxes, governments around the globe are forced to raise rates for other types of taxes (such as sales taxes) and reduce investments in public services. All this comes at a time when people worldwide are struggling with reduced purchasing power. As a result, mounting corporate riches based on cheap labor and relentless …

UN Financing for Development news- Regulatory framework fails to match hope placed on private companies, new studies

Negotiations towards the Third International Conference on Financing for Development, to be held in Addis Ababa (Ethiopia) on July 13-16, are in full gear. In line with ongoing trends in the landscape of development assistance, deliberations thus far have shown a strong promotion, especially by Northern countries, of increased reliance on private sector sources for development funding. Two new studies set out to interrogate what does this mean for the language on human rights accountability of the private sector that we should expect to see negotiated in the conference, and whether expectations are being met by reality.

As put by the High Commissioner for Human Rights, “As businesses assume an ever-expanding role in the development and economic spheres their adherence to the human rights responsibilities outlined

Next at the UN – Post 2015 Negotiations

Post–2015 negotiations
* 20–24 April: Means of implementation and global partnership for sustainable development
* 18–22 May: Follow–up and review
* 22–25 June: Intergovernmental negotiations on the outcome document
* 20–24 July, 27–31 July: Intergovernmental negotiations on the
outcome document
* 25–27 September: UN Summit: Delivering on and Implementing a
Transformative Post–2015 Development Agenda*//*

* Financing for  Development –  FfD3 negotiations

* 15–19 June: Intergovernmental negotiations on the outcome document
* 13–16 July: 3rd Conference on Financing for Development in Addis – Ethiopia

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UN Treaty regulating the multibillion-dollar global arms trade comes into force

  • by: EDITH M. LEDERER

UNITED NATIONS — A landmark treaty regulating the multibillion-dollar global arms trade comes into force on Wednesday, a milestone hailed by the United Nations and campaigners seeking to stop weapons sales to dictators, terrorists and human rights abusers.

Secretary-General Ban Ki-moon said Tuesday the treaty’s speedy entry into force — less than two years after its historic adoption by the U.N. General Assembly — reflects the commitment of states, international organizations and civil society “to stop irresponsible arms transfers.”

The treaty requires countries that ratify it to establish national regulations to control the transfer of conventional arms and components, and to regulate arms brokers. It prohibits the transfer of conventional weapons if they violate arms embargoes or if they promote acts of genocide, crimes against humanity or war crimes, and if they could be used in attacks on civilians or civilian buildings such as schools and …

Is Climate smart Agriculture really smart for people and planet?

Date : 25 September 2014
Climate-smart agriculture is corporate green-washing

Published in SUNS #7881 dated 25 September 2014

New York, 24 Sep (IPS/Thalif Deen) — On the sidelines of the UN’s heavily hyped Climate Summit, the newly-launched Global Alliance for Climate-Smart Agriculture announced plans to protect some 500 million farmers worldwide from climate change and “help achieve sustainable and equitable increases in agricultural productivity and incomes.”

But the announcement by the Global Alliance, which includes more than 20 governments, 30 organisations and corporations, including Fortune 500 companies McDonald’s and Kelloggs, was greeted with apprehension by a coalition of over 100 civil society organisations (CSOs).

It is a backhanded gesture, warned the coalition, which “rejected” the announcement as “a deceptive and deeply contradictory initiative.”

“The Global Alliance for Climate-Smart Agriculture will not deliver the solutions that we so urgently need. Instead, climate-smart agriculture provides a dangerous platform for corporations to implement