Overview
This collection contains various resources on how the UN Guiding Principles on Business and Human Rights (UNGPs) apply to in the financial sector, including:
- “Remedy in Development Finance: Guidance and Practice”, which contextualizes current policies and practices of development finance institutions on remedy, analyzes gaps, and identifies opportunities for improving access.
- “Advice regarding the application of the UNGPs where private sector banks act as nominee shareholders”.
- “Advice regarding the application of the UNGPs in the context of the banking sector”, which explains how a bank may be involved with an adverse human rights impact, their responsibilities with respect to remediation, and the role of grievance mechanisms.
- “Advice regarding the UNGPs and the financial sector” including what is meant by being “directly linked” and the extent to which minority shareholders and investment in sovereign bonds are covered by this provision.
- “Clarification on the applicability of the UNGPs to minority shareholdings of institutional investors”.
These publications are accessible online.
Key information
- End date
Ongoing
- Target group(s)
Civil society organisations; Government institutions; Companies; Business Associations; Multi-Stakeholder initiatives; Industry initiatives; Others
- Sector(s)
Financial sector
- Type of initiative
Global
- Type(s) of support
Information & guidance on due diligence
- Type(s) of contributor
International organisation
- Contributor(s)
United Nations (UN)
- Implementing organisation(s)
Office of the High Commissioner for Human Rights (OHCHR)