Wednesday, November 28 • 11:40am - 1:00pm
How can investors drive more and better human rights due diligence?

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Session organized  by the Principles for Responsible Investment.

Brief description of the session:
In 2011, the UN Human Rights Council unanimously endorsed the UN Guiding Principles on Business in Human Rights (UNGPs), offering an international point of reference on how states should protect, and companies should respect, human rights. Moreover, the OECD, has integrated the UNGPs in its own policy frameworks, such as OECD Guidelines for Multinational Enterprises and the OECD Responsible Business Conduct for Institutional Investors.
Investors and businesses have responsibilities to respect human rights and should act with due diligence in line with the UNGPs and the OECD guidelines. However, despite the growing awareness and commitments by both investors and businesses regarding this responsibility, a recent report by the UN Working Group on business and human rights found that the “majority of companies do not demonstrate practices that meet the requirements set by the guiding principles,” and calls on investors to “more systematically require effective human rights due diligence by the companies they invest in.”
Investors are increasingly aware and concerned about the significant potential and actual operational, legal and reputational risks companies might face when they do not take adequate steps to manage human rights risks. These could include project delays and cancellations, lawsuits and significant fines and negative press coverage and reputational damage.
Investors can play an important role by proactively engaging with companies on developing policies and processes that can prevent and mitigate adverse human rights impacts, rather than only reacting to them once they have occurred.

Session objectives:
This session will explore how investors can engage portfolio companies, as well as with rights-holders and other local stakeholders, on human rights risks to promote the uptake of human rights due diligence and access to remedy for victims of adverse impacts.

Moderator/ Introductory Remark...
avatar for Paloma Muñoz Quick

Paloma Muñoz Quick

Directora, Investor Alliance for Human Rights
The Investor Alliance for Human Rights provides a platform for investors to engage companies human rights due diligence, as well as governments, multilateral organizations and standard-setting bodies to help create enabling environments for responsible business conduct.

avatar for Benjamin Cokelet

Benjamin Cokelet

Founder & Co-Executive Director, PODER
avatar for Danielle Essink

Danielle Essink

Senior Engagement Specialist Human Rights, Robeco
- working on human rights with our investee companies- steering committee member of the Investor Alliance for Human Rights- speaking at 5.15pm panel on Wednesday about the approach of investors to human rights in the ICT sector
avatar for Irina van der Sluijs

Irina van der Sluijs

Senior Advisor Human Rights, ASN Bank
avatar for Francis West

Francis West

Business Learning Program Director, Shift

Wednesday November 28, 2018 11:40am - 1:00pm
Room XX