The financial services industry—from asset owners and managers to private equity, venture capital, and banks—has a catalytic effect on the behavior of business and the economy. Its vast range of financial products, services, and client relationships ripples through every industry, value chain, and transaction.

With this backdrop, the industry has enormous potential to create a global economy that puts people’s lives and the health of the planet at the center, while contributing to the realization of the United Nations UN Sustainable Development Goals. Yet efforts to do so must be grounded in an evolved approach to doing business—one that respects human rights, in line with the UN Guiding Principles on Business and Human Rights (UNGPs). 

In the “Human Rights Roadmap for Transforming Finance” report, BSR provides an overview of key areas where the industry must make progress to tackle global challenges and contribute to new financial systems that respect human rights. We highlight the materiality of human rights for financial institutions (FIs) and explain that adopting a human rights approach to finance can strengthen the impact of traditional environmental, social, and governance (ESG) practices. In particular, the report elaborates on the call to action set out in the UNGPs 10+ Roadmap for the next decade of business and human rights for FIs—from adapting core business and driving respect for human rights in financial markets to engaging with people affected by FI value chains and ensuring that victims of harm have access to remedy. The report concludes with next steps for transforming finance.

Transforming Finance: Priorities for Progress in the Next Decade for the Implementation of the UN Guiding Principles on Business and Human Rights - Business for Social Responsibility (BSR), April 2022 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

Navigating the Surveillance Technology System: A Human Rights Due Diligence Guide for Investors
Guidance

As the information and communication technology (ICT) industry rapidly expands, it has the power to support democratic, accountable institutions and the exercise of civic freedoms or perpetuate violations of individual and collective rights. As ...Read More

Modern slavery – ESG Toolkit
Guidance

Modern slavery and its manifestations (including forced labour, debt bondage, money laundering and human trafficking) are illegal practices in all CDC investment geographies. However, such practices remain present, are often intentionally well hidde...Read More

Modern Slavery in Supply Chains Reporting Requirement
Guidance

The Law Council considers that the Government’s proposal, Attorney- General Department’s "Modern Slavery in Supply Chains Reporting Requirement: Public Consultation Paper and Regulation Impact Statement", requires two important changes if it is ...Read More

TAGS:
Disrupting harm in Ethiopia: Evidence on online child exploitation and abuse
Guidance

Our online lives are advancing constantly. The internet and rapidly evolving digital communication tools are bringing people everywhere closer together. Children are increasingly conversant with and dependent on these technologies, and the COVID-19 ...Read More