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Salesforce + Customs and Border Patrol

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Author(s): Caroline Soussloff | UC Berkeley School of Law | J.D. Candidate 2019 | Posted: January 10th, 2019 | Download PDF

In June, employees at Salesforce called for the company to withdraw its contract with US Customs and Border Patrol (CBP) in opposition to the agency’s implementation of the Trump administration’s policy of family separation. In an open letter to Salesforce CEO Marc Benioff, they decried their employer’s complicity in “the inhumane treatment of vulnerable people.” NGOs are backing their efforts. However, Benioff has so far declined to cancel the contract—despite his personal political convictions, which lean progressive, and his demonstrated willingness to use Salesforce as a vehicle for political activism in the past (in the context of LGBT rights). (more…)

Standardized ESG Disclosure: European Union as Role Model?

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Author: Lukas Herndl | UC Berkeley School of Law | LL.M. Candidate 2019 | Posted: January 8th, 2019 | Download PDF

An increasing number of companies disclose their ESG[1] strategy and related risks to investors and to the public. These disclosures, commonly referred to as sustainability reports, follow a rising demand by investors who see ESG as an important factor influencing the long-term performance of businesses. But since disclosure is not mandatory, a significant number of companies does not report. And absent common guidelines, voluntary sustainability reports are hard to compare and thus have less value for investors. (more…)