Polisario case reveals high stakes behind investors’ ESG enthusiasm

Legal action over disputed African territory affects EU links with Morocco

Financial Times / JOHN DIZARD. .- What the military calls asymmetric warfare — guerrillas fighting regular armies — has come to the compliance world.

Political movements with few financial assets, let alone military superiority, can win in court against corporate or government players.

Thanks to their ability to make use of their wins by influencing trillions of investors’ money, or sensitive sovereign wealth funds, they can generate a huge effect.

Take a case filed in the European Court of Justice on April 29 by the Polisario Front, a political group that demands full sovereignty for Moroccan-occupied Western Sahara. Its lawyers claim Brussels is violating EU human rights law by allowing, even encouraging, the import of natural resources from the territory. Read more

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