There is now almost unanimous scientific consensus that human activity has been the dominant cause of climate change since the 1950s. A growing body of evidence links activities such as deforestation and the burning of fossil fuels to the impacts of climate change including global warming, rising sea levels, increased incidence of extreme weather events, loss of biodiversity and reduced crop yields. In turn, these effects are expected to bring about societal pressures as populations migrate, wealth distribution is affected and the likelihood of conflict is increased.
Investors with a total of £940billion in assets under management are backing the Government’s recent commitment to include proportionate supply chain reporting requirements in the Modern Slavery Bill.
Taxation is a matter of social justice – paying a ‘fair’ share; it is also one of risk, linked to reputational damage, the impact of changing regulation and uncertainty around future profits.
On 23 June 2014, Matt Crossman represented Rathbones at the 14th meeting of the UN Global Compact (UNGC) Working Group on Corruption, held at the headquarters of the UNAIDS programme in Geneva.