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

Labor Inspection Training on Child Labor – Liberia
Guidance

This facilitator’s guide provides tips and advice to help facilitators successfully use the curriculum for Labour Inspection Training on Child Labour in Liberia. It describes the purpose and objectives of the training; provides an overview of...Read More

TAGS: Africa
Modern Slavery Handbook
Guidance

We believe that everyone should read this handbook – and we have kept it small so that you can keep it in your work bag or desk drawer. This handbook was, however, specifically created for staff who work in the homelessness sector, particularly fr...Read More

A Fair Hiring Framework for Responsible Business
Guidance

Our Help Wanted Primer articulates the risk to multinational companies of forced labour and resulting debt-bondage caused by labour recruitment, and identifies the places within a company’s sourcing practices where recruiters present a reputational...Read More

Tackling modern slavery: A guide for landlords
Guidance

The Home Office estimates that there are around 13,000 victims of modern slavery in the UK. There could be many more. Many will be living in private rented accommodation. This guide has been designed to help landlords:• reduce the risk of modern s...Read More

TAGS: Europe