Sentences with phrase «extractive companies»

Financial reporting used by extractive companies does not present the full picture needed by investors

And do not forget that this has all run in parallel to the government's determined effort to resist an important legislative effort a few years ago to establish a legal framework to hold Canadian extractives companies accountable for their overseas human rights impact.

In this first look at the reporting landscape of fossil fuel reserves, it is apparent extractive companies do not present the full picture of risks that some coal, oil and gas reserves may not be combusted.

There is clear demand for better information about how different energy and emissions scenarios impact businesses, as shown by the well - supported resolutions at extractive companies last year.

The text also contains thresholds for payments that align with similar US «sunshine» rules for US listed extractives companies set at the end of August.

To remedy this, the Task Force will consider a range of reporting options, including forward - looking, industry - specific disclosures, comparable scenario and sensitivity analyses «The direction of travel towards a lower - carbon economy is clear; stress - testing extractives companies» businesses portfolios against the internationally agreed two - degree climate target is essential to quantifying their exposure,» said Rob Schuwerk, Senior Counsel, Carbon Tracker.

IFC SUSTAIN: What specific changes can extractive companies reasonably make to address climate change and continue to attract investors?

IFC SUSTAIN: How do you think this pressure from investors will affect extractive companies?

However, Ghana is a member of the Extractive Industries Transparency Initiative (EITI), which requires countries with a heavy dependence on oil, gas, and mining industries to accurately report taxes, royalties, and fees paid by extractive companies.

This has been a particular concern with Canadian extractive companies.

In recent years the NIBs have disinvested from two extractive companies, over ethical and corporate governance concerns

However, it also highlights that extractives companies are particularly vulnerable to poor governance and ethical controversy, and harmful, long - lasting impacts on communities and the environment.

It acknowledges that developed countries need help on tax issues from «other countries», calls on «extractive companies» to report their payments to all governments and demands legitimate sourcing of minerals and transparent land transactions.

It is as diversified as possible, yet contains no extractive companies, major carbon emitters, or pipelines.

The vote brings Europe one step closer to shining a light on payments worth billions of Euros by extractive companies to governments, which have previously remained secret, enabling corrupt government officials to siphon off or misappropriate natural resource revenues.

Extractive companies can begin to redeploy CAPEX from searching for more reserves to diversifying their businesses by investing more aggressively in renewable energy.

Combined with a clear willingness to gut the Canada / Colombia deal's human rights report of any meaning and effect; we are left with few tools to ensure that when they operate abroad Canadian extractive companies will be ambassadors for human rights improvement and not agents of human rights harm.