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To: MAGAthon
Wikipedia: HSBC Support for China's Security Law for Hong Kong (2020)​ In June 2020, on the eve of the anniversary of the Tiananmen Square protests, HSBC took the rare step of wading into political issues by publicly backing Beijing's controversial new national security law for Hong Kong. The chief executive for HSBC's Asia-Pacific division, Peter Wong, signed a petition supporting the law and stated in a post on Chinese social media that HSBC "respects and supports all laws that stabilise Hong Kong's social order."... In response, Joshua Wong, a top Hong Kong pro-democracy activist decried the bank's position stating that HSBC's stance demonstrates “how China will use the national security law as new leverage for more political influence over foreign business community in this global city.”[164] Alistair Carmichael, the U.K. chairman of the All Parliamentary Group on Hong Kong, said HSBC made a serious error by bending to China’s will regarding the security law, calling it "a colossal misjudgment" since it would be seen as a large British corporation advocating for "a fairly flagrant breach of international law" when banks rely on a rules-based system.[162] Human Rights Watch alleged that "the new national security law will deal the most severe blow to the rights of people in Hong Kong since the territory's transfer to China in 1997."... https://en.wikipedia.org/wiki/HSBC#Support_for_China's_Security_Law_for_Hong_Kong_(2020)
11 posted on 06/17/2020 6:32:18 AM PDT by MAGAthon
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To: MAGAthon

16 Jun: UN Global Compact: Heads of State join CEOs and UN Chiefs at largest-ever UN convening of global business leaders
New York, United States of America
More than 20,000 sustainability champions attend UN Global Compact’s 20th anniversary Leaders Summit online.
German Chancellor Angela Merkel and the Presidents of Botswana, Colombia, Costa Rica and Ethiopia joined the President of the UN General Assembly and UN Secretary-General alongside dozens of Chief Executive Officers and UN chiefs at the United Nations Global Compact Leaders Summit to address the private sector’s response to three unprecedented and interconnected global crises — health, inequality and climate change...

During an Asia-Pacific plenary session, the UN Global Compact launched the Action Platform on Sustainable Infrastructure for the Belt and Road Initiative to Accelerate the SDGs. With more than 100 SDG targets linked to infrastructure, the world can benefit from leveraging the Belt and Road Initiative — expected to impact 60 per cent of the world’s population, 40 per cent of world trade and 30 per cent of world GDP — as a collaborative mechanism to further the advancement of the SDGs.
Speaking on the launch, Ren Hongbin, Vice Chairman SASAC and UN Global Compact Board Member, said, “I hope that the Action Platform launched by the UN Global Compact today will serve as a key international mechanism to facilitate the business community’s contribution to boost sustainable infrastructure and investment along the Belt and Road Initiative countries to accelerate the SDGs.”...

At the event, the UN Global Compact, in collaboration with DNV GL, released UN Global Compact 20th-Anniversary Progress Report: Uniting Business in the Decade of Action (LINK) — an analysis of progress businesses have made in embedding the Ten Principles in their strategies and operations to align with the universal values of the UN, and in contributing to the 17 SDGs...

Other speakers at the event included: Her Excellency Amina Mohammed, UN Deputy Secretary-General; Mark Carney, UN Special Envoy on Climate Action and Climate Finance; ***AL GORE, Founder and Chairman of The Climate Reality Project; Ban Ki-moon, former UN Secretary-General and Deputy Chair of The Elders; Michelle Bachelet, UN High Commissioner for Human Rights...
https://www.unglobalcompact.org/news/4578-06-16-2020


14 posted on 06/17/2020 6:44:31 AM PDT by MAGAthon
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