Double Materiality for Financial Institutions

December 14, 2022

Kindra Mohr

Associate Director, Financial Services and Human Rights, BSR

Kindra Mohr

Associate Director, Financial Services and Human Rights, BSR

New York

Bringing her expertise as a business and human rights attorney, Kindra leads BSR's work at the intersection of finance and human rights.

Kindra has nearly 15 years of experience in advancing human rights, social and environmental sustainability, and access to remedy within the financial sector. She advises financial institutions and their corporate clients and investees on innovative solutions to prevent and address human rights risks and impacts on the ground, including through stakeholder engagement and the development of grievance mechanisms.

Previously, Kindra consulted for the International Finance Corporation and worked with clients at PwC to integrate best practices into their corporate governance frameworks. She also worked for the US Senate and served for five years as the Policy Director for a global nonprofit, advocating with communities for environmental and social protections and access to remedy in international finance. In addition, Kindra has lived and worked for nonprofits in Argentina, Haiti, and Peru on access to justice and corporate accountability.

Kindra obtained her law degree at Boston College and holds a MA in International Economics and International Relations from the Johns Hopkins School of Advanced International Studies (SAIS). She completed her undergraduate studies at the University of Wisconsin-Madison.
Mariana Riquelme

Former Manager, Energy, Extractives, and ESG, BSR
Paloma Muñoz Quick

Director, Human Rights Standards, BSR

Paloma Muñoz Quick

Director, Human Rights Standards, BSR

New York

Paloma leads BSR’s work on Human Rights Standards, including knowledge management and advising companies across industries on human rights and responding to emerging standards and regulation. She is also Senior Advisor to BSR’s Finance & Human Rights Practice.

Prior to joining BSR, Paloma was Advisor to the UN Working Group on Business and Human Rights and Senior Consultant of the UN B-Tech Project, where she developed an ambitious vision for promoting the uptake of the UN Guiding Principles on Business and Human Rights among investors and developed guidance on responsible investment in digital technologies. Prior to the UN, Paloma launched and served as Director of the Investor Alliance for Human Rights, where she developed thought leadership on the investor responsibility to respect human rights and supported stewardship engagements across industries. She also worked as Senior Advisor at the Danish Institute for Human Rights, where she advised companies, governments, and civil society around the world on business and human rights.

Paloma is on the Editorial Board of Developments in the Field of the Business and Human Rights Journal of Cambridge University. She was also Design Team Member of the Human Rights Measurement Initiative and served as Advisory Board Member for First Peoples Worldwide.

She holds a Master of International Affairs (M.I.A.) in Human Rights from the School of International and Public Affairs at Columbia University and a B.A. in Political Science, also from Columbia University.

Paloma is Chilean-American and is fluent in English, Spanish, and Portuguese.

In the face of emerging regulatory requirements related to environmental, social, and governance (ESG) disclosure and pressure from a wide range of stakeholders, the financial services industry is now looking closer at how to best identify and address the material risks and impacts of their operations and value chains. This is a marked difference from previous ESG materiality approaches, which largely focus on financial risks to the business alone.

Explore our survey on types of materiality approaches currently in use, periodicity and sources of assessments, and priority ESG issues now and in the future.

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