A new study, published by the inter-governmental Financial Action Task Force (FATF), highlights the danger coming from shell companies. These companies without real employees and offices could have legitimate uses but are used although by money launderers, financiers of terrorism, sanctions busters and tax evaders. more[...]
World Bank Group President Jim Yong Kim today told the Bank’s shareholders he wants the institution to become a solutions Bank that can work with partners and help “bend the arc of history” to eliminate extreme poverty. more[...]
With over 8,700 corporate participants and other stakeholders from over 130 countries, the UN Global Compact is the largest voluntary corporate responsibility initiative in the world. „I hope these diverse expressions of support for the UN’s global mission will inspire many more businesses to follow this path and bring corporate sustainability to true scale“, UN Secretary-General Ban Ki-moon says in the 2012 edition of the Global Compact International Yearbook. Edited by the German publishing house macondo the new yearbook offers insights to political as well as sustainability issues. more[...]
I spent the last two years in Hong Kong where I consulted on Corporate Social Responsibility communications projects for various organizations in Hong Kong and mainland China. What is the current state of Corporate Responsibility there? The short answer is that Chinese companies realize they have greater responsibilities as their presence on the global playing field grows. Leaders of Chinese companies and officials of the People’s Republic of China are aware of the need to expand their corporate responsibility efforts. more[...]
Can extreme poverty be eliminated in the next 20 years? With much of the world still mired in an economic slump, the question might seem ill-timed. Yet, as heads of state arrive in New York on Monday for the 67th United Nations General Assembly, this goal should be at the top of the agenda. more[...]
The world financial and economic crisis has reversed recent growth trends in the world’s poorest nations, dampening the prospects that half of the 48 least developed countries (LDCs) will be able to “graduate” from that status by the end of the decade, as called for by last year’s international conference on LDCs, UNCTAD research shows. The present study, which is the outcome of ongoing work by the UNCTAD secretariat on LDCs, assesses the challenges, opportunities and prospects for meeting the criteria for graduation, particularly by enhancing the role of commodities and improving agricultural productivity. more[...]
Chen promotes new agricultural techniques in China, but he dreams of farming in Senegal. Not because he is a cog in a neo-colonial machine driven by a Beijing masterplan to take over Africa, but because he wants to share his skills and do something meaningful. more[...]
The worldwide financial crisis brought into relief the role of financial systems in economic development and poverty reduction. The World Bank’s first-ever Global Financial Development Report contributes to the policy debates on this topic, building on new datasets, surveys, research and country experience, emphasizing the perspective of low- and middle-income countries. The report re-examines a basic question highlighted by the crisis: what is the proper role of the state in financial development? more[...]
Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is the operator of the Sakhalin-2 project, which involves the development of two oil and gas fields offshore from the Sakhalin Island. more[...]
The human race is facing one of its biggest challenges, and if ignored, it could potentially spiral out of control. Over the past century, the rising global population has triggered a massive growth in industry development, leading to a bottleneck effect where existing resources are disappearing and the challenge to discover new energy sources has become a top priority. According to the US Energy Information Administration, the world’s energy consumption has increased on average 1.4 percent every year since 1990. It is forecasted to continue, which will result in a 49 percent increase in energy consumption from now until 2035. more[...]
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