First comprehensive guidance for companies on human rights reporting launches today
On 24 February 2015, the Human Rights Reporting and Assurance Frameworks Initiative, a collaboration between Shift and Mazars, launched the Guiding Principles Reporting Framework:
"The Guiding Principles Reporting Framework is a groundbreaking tool to help companies report meaningfully on their human rights performance. Unilever has already been piloting the Framework during its development. Ericsson, H&M, Nestlé and Newmont are other early adopters who will work with us in 2015 to share their experience with the Framework, and we are already hearing of other companies that plan to start using it this year. The Framework also has the formal support of 67 investors representing $3.91 trillion assets under management worldwide."
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Author: Global Reporting Initiative
GRI provides the most widely-used sustainability reporting guidelines, addressing companies’ economic, social and environmental impacts. The UN Guiding Principles Reporting Framework, developed through RAFI, provides the first comprehensive guidance to companies to report exclusively on their human rights performance in line with the UN Guiding Principles on Business and Human Rights and is a complementary tool to the GRI G4 Sustainability Reporting Guidelines...GRI and RAFI signed a Memorandum of Understanding (MOU) in December 2013 and will continue their collaboration to develop a joint summary of the key synergies between the two frameworks and how companies can benefit from their combined implementation in practice.
A group of over 60 investors from Europe, North America and Australia, with $3.9 trillion of assets under management, have today urged leading companies to use new guidance to help them “know and show” their management of human rights risks...[The] investors backed the new ‘UN Guiding Principles Reporting Framework’... The investors signing today’s statement include some of the world’s largest and most influential investors including: Boston Common Asset Management, APG Asset Management, Aviva Investors, BNP Paribas Investment Partners, Church of Sweden and Wespath. A full list of investor signatories can be found below.