The UN’s new “Roadmap for the Next Decade” of Busi- ness and Human Rights, published in November 2021, begins by setting out the need to raise the ambition and increase the pace of implementing respect for human rights. The roadmap highlights the role of the financial sector to speed and scale up business respect for human rights and addresses the importance of engaging with stakeholders in the process.

More still needs to be done to achieve this in the banking sector, where ten years on from the endorsement of the UN Guiding Principles in 2011, much energy has been spent on developing policies, procedures, discussion papers, and in some cases human rights reporting, but there are vanishingly few examples of banks actually helping ensure remedy for rights holders after human rights violations have occurred in projects financed by banks.

This report assesses banks on their responses to specific allegations of human rights violations linked to their finance, raised by civil society or community organisa- tions, to focus attention on the need for banks to actively engage and more frequently deliver remedy in these circumstances. In the report, we highlight nine cases in which severe human rights impacts are felt by local com-munities and affected people. The findings show how, in most instances, banks fail to take appropriate action to address the impacts, thus leaving affected communities without remedy.

Actions speak louder: Assessing bank responses to human rights violations - Banktrack, December 2021 DOWNLOAD

post

page

attachment

revision

nav_menu_item

custom_css

customize_changeset

oembed_cache

user_request

wp_block

wp_template

wp_template_part

wp_global_styles

wp_navigation

wp_font_family

wp_font_face

acf-taxonomy

acf-post-type

acf-field-group

acf-field

ai1ec_event

exactmetrics_note

Introduction to Human Trafficking: A Guide for Texas Education Professionals
Guidance

Manual developed by the Texas Human Trafficking Prevention Task Force to equip educators with the knowledge to understand, recognize, and report human trafficking.

Conflict Rubies: How luxury jewellers risk funding military abuses in Myanmar
Guidance

Rubies from Myanmar, also known as Burmese rubies, are the finest in the world. They are also an important source of funding for one of the world’s most brutal regimes. Since seizing power in a coup on 1 February 2021 and imprisoning the coun...Read More

Nepal’s Human Trafficking Routes: Mapping destinations for migrant labour using collective data
Guidance

Nepal has a longstanding history of outward migration, predominantly resulting from a lack of economic opportunities at home. Migration for foreign employment, therefore, has become a lucrative industry, with families becoming heavily dependent on f...Read More

The state we’re in: Ending sexism in nationality laws – 2022 edition – update for a disrupted world
Guidance

This updated report from Equality Now, reflecting women’s intersecting realities and the devastating impact of the sex discriminatory nationality laws on people’s lives, alongside a record of inspiring progress being made in some countries and r...Read More