As sustainable investing and ESG grow in the financial industry, the ESG field is facing increased criticism. Here’s why it’s essential for private equity firms to adopt a human rights-based approach to sustainable investing.
As a wave of mandatory due diligence laws come into effect across Europe, human rights abuses such as modern slavery are increasingly under scrutiny. With tangible civil liability and monetary fines on the horizon, as well as basic business responsibility, the importance of examining and managing potential human rights risks has never been greater, both for companies’ management teams and their investors.
Despite the best efforts of governments and businesses to protect and respect human rights, there is clearly still a need to ensure people harmed by economic activities are able to raise issues and have them addressed.
The time for human rights-respecting finance is now. Our new report elaborates on the call to action set out in the UNGPs 10+ Roadmap for Financial Institutions, highlighting key areas where progress is needed to tackle global challenges and contribute to new systems grounded in respect for human rights.
The Human Rights Roadmap for Transforming Finance report elaborates on the call to action set out in the UNGPs, highlighting key areas where progress is needed to tackle global challenges and contribute to new systems grounded in respect for human rights.
ESG as a framework does not sufficiently capture harms to people or guide decisions that take human rights into account. How can the business and human rights framework help close gaps and increase opportunities in current ESG practice among financial actors?
As we celebrate Human Rights Day on December 10—the anniversary of the adoption of the Universal Declaration of Human Rights—we are taking the opportunity to reflect on the role of business in shaping a future in which human rights are respected and protected in both law and in practice.
The notion that investors should use environmental, social, and governance (ESG) considerations to inform their decision-making is having a moment. This is undoubtedly a good thing but there is a risk that fundamental concepts—like the responsibility of business to respect human rights—may get lost in the process.
BSR's submitted feedback to the EU Social Taxonomy Process, an effort initiated under a mandate from the European Commission Platform on Sustainable Finance to ensure that vital social aspects of sustainability are integrated into the EU’s Taxonomy Regulation.
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