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36 Wis. Int'l L.J. 298 (2018-2019)
Shareholder Activism and Stakeholder Engagement Strategies: Promoting Environmental Justice, Human Rights, and Sustainable Development Goals

handle is hein.journals/wisint36 and id is 310 raw text is: SHAREHOLDER ACTIVISM AND STAKEHOLDER ENGAGEMENT STRATEGIES: PROMOTING ENVIRONMENTAL JUSTICE, HUMAN RIGHTS, AND SUSTAINABLE DEVELOPMENT GOALS ERIKA GEORGE ABSTRACT The United Nations 2030 Agenda for Sustainable Development is an ambitious plan of action for people, planet and prosperity which seeks to promote peace and eradicate poverty. The Agenda's goals cannot be reached without private sector participation and changes to certain business practices that contribute to adverse environmental and human rights impacts. When natural resources are managed responsibly the resulting economic development can help to eradicate poverty. However, when natural resources are managed poorly, certain extractives industry sector practices can generate or exacerbate human rights abuses, environmental degradation, corruption, and conflict. Fossil fuels are connected to the changing climate. The practices of the extractives industry sector and our patterns of consumption are implicated in the expected adverse social impacts and environmental injustices associated with the changing climate such as displacement and forced migration. For the Sustainable Development Goals (SDGs) set forth in the Agenda for Sustainable Development to be reached by 2030, action on climate change and patterns of corruption will require pressure from the public as well as partnership with the private sector. This paper explores the role of economic actors and public/private multi-stakeholder initiatives as partners in promoting action on climate and curbing corruption to protect human rights. It plots points of convergence between the SDGs and the priorities of socially responsible investors, the efforts of human rights and transparency initiatives regulating the extractives industry sector, Samuel D. Thurman Professor of Law, University of Utah College of Law. Research assistance provided by Ross McPhail, Melissa Bernstein, Erin Reid, Pablo Hapsel, Ilsy Melendez, Haden Goebel, Stratton McCausland, Skylar Walker and Gina Gottardo. Thank you to Carmen Gonzalez, Sara Seek, Heinz Klug, and participants in the Wisconsin International Law Journal symposium for providing helpful comments. This research was made possible, in part, through generous support from the Albert and Elaine Borchard Fund for Faculty Excellence.

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