The BSR report explains how adopting a human rights-based approach to finance can strengthen the impact of ESG practices.
A new report from sustainability experts BSR provides guidance to asset owners and other financial institutions on improving respect for human rights.
The guidance is in line with UN Working Group on Business and Human Rights’ UNGPs 10+ roadmap for the next decade.
The BSR report highlights the materiality of human rights for financial institutions and explains how adopting a human rights-based approach to finance can strengthen the impact of ESG practices.
The report also elaborates on the UNGPs 10+ roadmap’s plans for the evolution of the UN Guiding Principles on Business and Human Rights.
The report says there is “no one-size-fits-all approach for the entire industry”, but identifies five principles to help institutions incorporate a deeper respect for human rights into their investment and financing activities.
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