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en/renewable-energy-impacts-on-communities-managing-investors-risks-responsibilities#c159094

A Fast and Fair Transition to a Low-Carbon Economy

Author: Equitable Origin (USA), Published on: 26 June 2017

[At] the American Renewable Energy Institute's (AREI)...14th annual American Renewable Energy Day summit in Colorado...Equitable Origin's CEO, Soledad Mills...highlighted key insights from the Business and Human Rights Resource Centre's Investor Briefing on Renewable Energy Impacts on Communities that...emphasizes the role of investors in ensuring that the transition to a low-carbon economy does not negatively affect communities, workers and other vulnerable groups...Human rights risks for the renewables sector include Indigenous Peoples’ rights and the right to Free, Prior and Informed Consent (FPIC); labor rights; rights of women and children; and responsible supply chain management, among others...The briefing makes the case for why investors should integrate human rights considerations early on in the investment process to safeguard against potential financial, legal, reputational and operational risks...Eniko Horvath, a senior researcher with the Business & Human Rights Resource Centre, [said,] “As our future energy providers, the renewables sector has the opportunity to embed human rights at its core at a key moment to ensure a fast and fair transition to a truly clean source of energy.”

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