Dutch development bank publishes its first human rights progress report

Author: FMO (The Netherlands), Published on: 15 January 2019

"Human Rights: An integral part of our investment approach - Human rights progress report", 18 Dec 2018

FMO is the Dutch development bank... We are pleased to publish our first human rights report. It describes our progress towards the further embedding of human rights in our way of working in accordance with the United Nations Guiding Principles on Business and Human Rights Reporting Framework... Our salient human rights issues [are] Right to life[,] Right to decent work[,] Rights of vulnerable people[,] Right to an adequate standard of living [and] Right to not being subject to cruel and inhumane or degrading treatment[.] The right to life is the ‘supreme’ right and the most basic human right of all. As we select our clients and look at the way they manage their business, we strive to respect the right to life in three ways: Worker safety – avoiding occupational accidents and fatalities; Community safety – avoiding deaths or injuries related to client activities; Human rights defenders – ensuring that the investments we make do not damage people or the environment, and that critics and opponents are not threatened or oppressed... We are committed to strengthening our human rights due diligence activities...[W]e use the UN Guiding Principles as our compass and the IFC Performance Standards on Environmental and Social Sustainability as our operating tool...

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Related companies: FMO