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

Business Banking and Start-up Support for Survivors of Modern Slavery and Human Trafficking
GuidanceGood Practices

In response to the issues raised in the Expert Review, although most fall outside of SII’s mandate, FAST hosted a global Survivor Business Roundtable on 27 June 2022 to gain more insight into survivors' needs regarding business banking and start-u...Read More

TAGS: Global
Eliminating Child Labour Guides for Employers – Guide Two: How employers can eliminate
Guidance

This guide is part of a set of guides developed by ILO, a unique exercise as they consider child labour from the perspective of employers and their organizations, while keeping the welfare of children and their families at the centre of the analysi...Read More

TAGS: Global
Blighted Lives – Romani Children in State Care
Guidance

This five-country wide round of research into the situation of Romani children in state care marks the latest in a decade-long series of interventions by the European Roma Rights Centre.13 The research covers four EU Member States: Bulgaria, the Czec...Read More

TAGS: Europe
State of remedy 2021: Understanding OECD Guidelines complaints through the lens of remedy
Guidance

The year 2021 marked another discouraging year in terms of remedy for complaints by communities and civil society under the OECD Guidelines for Multinational Enterprises (Guidelines). Only 2 of the 22 cases concluded in 2021 by National Contact Poin...Read More