http://webtv.un.org/search/panel-on-human-rights-in-mining-sector-forum-on-business-and-human-rights-2018/5971635102001/?term=&lan=english&cat=Forum%20on%20Business%20and%20Human%20Rights&page=2
Background to the discussion:
In January this year, Blackrock’s Chairman and CEO, Lawrence Fink, wrote an open letter to business leaders noting that, “to sustain… performance, you must understand the societal impact of your business”. Businesses have the potential to impact society in a range of ways, negatively and positively. Implementing the UN Guiding Principles allows companies to understand and address some of these potential impacts as they relate to human rights.
Good governance and a strong board are critical to making respect for human rights part of how business gets done, thereby advancing a range of human rights in society, while protecting and creating value for the business. As Fink noted, “a company’s ability to manage environmental, social and governance matters demonstrates the leadership and good governance that is so essential to sustainable growth.” Board engagement is essential to improved performance over the long term, in providing rigorous oversight and accountability, in developing strategy and articulating purpose and responding to questions that are increasingly important to its investors, its consumers, and the communities in which it operates.
Key questions:- What does the board see from a governance perspective and what expertise do they bring to the table?
- What do they discuss and how do they work with their CEO and management team in and out of the boardroom to manage risks to business and risks to people, reputation and long-term value to shareholders?
- What challenges and opportunities do they see for improving performance in their sector?
Jane Nelson, Board member of Newmont, will offer her perspective on why this agenda matters to Newmont and how she is working with Newmont’s leadership to drive it forward, including highlighting some of the challenges they face in practice.
Human rights have long been a concern of socially responsible investors, but there are indications that human rights are moving onto the agenda of mainstream investors. Why does this matter to investors and what do they expect to see in terms of board oversight and governance?
Tom Butler, CEO of ICMM, a CEO -led association of 27 global mining companies, will talk to the commitments ICMM member companies make on board oversight and governance and share reflections from the industry on investor engagement on social issues and human rights.
Format: This session will provide an opportunity for an interactive and constructive discussion where participants are able to engage directly with senior leaders on key human rights topics, with a focus on driving performance through knowing, showing and acting. It will complement the opening plenary session on the role of CEOs/ Senior management on leading from the top (see below).
The format and structure will be guided by input from the speakers and the moderator. One suggestion is that each panel member has 5 minutes for an opening pitch to the floor and then the moderator leads a discussion across the panel on 2-3 substantive issues before opening to the floor. We can gather Q&A from the floor during the session and pull them together for the moderator to select and ask.
