Investors representing $1.3 trillion call on govts to make human rights due diligence mandatory throughout investment lifecycle
On 25 March 2019, the Investor Alliance for Human Rights (IAHR) on behalf of a group of investors representing $1.3 trillion in assets called for enhanced investor due diligence to address environmental, social and governance risks, including human rights risks, throughout the investment lifecycle. In the statement sent to European Union policy-makers, members of the United States Congress, the Organization for Economic Co-operation and Development (OECD) and the UN Working Group on Business and Human Rights, they specifically call on
- Investors to set up and carry out robust due diligence processes to manage risks to people and the environment; and
- Governments to support investor due diligence through better regulation of financial systems.
The statement is available below.