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31 Aug 2022

Gina Gambetta, Responsible Investor

Major investors call on UK government to implement due diligence legislation

'Major investors call on UK government to implement due diligence legislation', 31 August 2022

"Investors representing £4.5 trillion of assets under management have called on the UK government to introduce mandatory human rights and environmental due diligence legislation for businesses, including financial institutions.

In a statement published on Wednesday, the investor group...urged policy makers to back a "Business, Human Rights and Environment Act".

This law should cover "the operations and value chains of all business enterprises and financial institutions, public and private, domiciled or based in, operating or offering a product or service within the UK", the statement said..."

Part of the following timelines

Towards a UK corporate accountability law

Investors call for UK due diligence law