Human rights benchmark launched

A coalition of over 80 investors, with $4.8 trillion in assets under management, has pledged support for the Corporate Human Rights Benchmark, currently being piloted by the Business & Human Rights Resource Centre.

Included in the statement are some of the world’s largest investors including: Boston Common Asset Management, Aviva Investors, APG Asset Management, BNP Paribas Investment Partners, Church of Sweden and Australian Ethical Investment.

The coalition argues that those companies that do not proactively assess and manage human rights issues face potential legal, reputational and other financial risks; while those who meet the ‘corporate responsibility to respect human rights’ gain competitive advantage.

This coalition originally came together in February 2015 to support the UN Guiding Principles Reporting Framework, as a critical means to advance meaningful disclosure of companies’ human rights performance.