Conflict Risk Network, US investors & asset managers support US reporting requirements on responsible investment in Burma

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Article
4 October 2012

Reporting Requirements on Responsible Investment in Burma

Author: Conflict Risk Network

Conflict Risk Network and the 21 undersigned institutional investors, asset owners and asset managers...are pleased to submit to the State Department...comment[s] on the “Reporting Requirements on Responsible Investment in Burma”...We welcome these requirements as a vital mechanism to ensure transparency related to new United States...business operations in Burma...Many of us have expressed concerns about the risks posed by the U.S. Government decision to permit new investment in Burma. We nevertheless support the reporting requirements as a valuable...means to help advance human rights and political reform, consistent with the U.S. Government’s longstanding foreign policy priorities in Burma. [refers to MOGE, Total, UNOCAL, Chevron, Walmart, Costco, Tiffany, Blue Coat]

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Article
4 October 2012

[PDF] Comment of EarthRights International on the Paperwork Reduction Act Review for Proposed Reporting Requirements on Responsible Investment in Burma

Author: EarthRights International

This comment focuses on two of the central questions in the PRA review process: 1) the necessity of the proposed information collection for agency operations, and 2) ideas to improve the quality and clarity of the information collected. The disclosures will assist the State Department to manage the national emergency declared by the President with respect to Burma by enabling it to target investors whose operations and policies raise red flags for potential contibution to human rights abuses, corruption, and armed conflict...ERI will use the disclosures in conjunction with Burmese groups for aims that are complementary to those of the government, i.e. to identify business practices that raise human rights concerns and to engage with and, where necessary, hold to account investors who contribute to human rights abuses. [Refers to Ivanhoe Mines]

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Article
4 October 2012

[PDF] Public Comment on the US Reporting Requirements for Investement in Burma

Author: Human Rights Watch

The reporting requirements are intended to help the US government address and mitigate the ongoing human rights abuses and other key concerns that led it to declare a continuation of a "national emergency in Burma". Various factors make Burma a particular difficult context in which to do business without causing harm or contributing to negative impacts caused by others. This submission identifies several human rights-related risk factors for business in Burma that justify the need for the US Government to mandate public reporting on company activities.

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Article
4 October 2012

[PDF] Submission by the Institute for Human Rights and Business (IHRB) to the US State Department on US Reporting Requirements on Responsible Investment in Burma (Myanmar)

Author: Institute for Human Rights and Business

IHRB [Institute for Human Rights and Business] very much welcomes the Reporting Requirements’ reference to the UN Guiding Principles on Business and Human Rights. In doing so the Reporting Requirements reaffirm the independent responsibility that every business has to respect human rights under the UN Guiding Principles, which includes conducting human rights due diligence. As such the Reporting Requirements asks companies to collect the type of information, which they should be gathering in any case, as part of their responsibility to respect.

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