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Article

29 May 2018

Author:
Interfaith Center on Corporate Responsibility (USA)

Global Investor Alliance for Human Rights Launches today

The new coalition representing $2 trillion will increase investor capacity to address human rights and business risks through targeted action, education and multi-stakeholder engagement... Convened by the Interfaith Center on Corporate Responsibility (ICCR), the Alliance will coordinate investor action on priority human rights and business issues -- engaging corporations, state actors, and international organizations to ensure greater corporate respect for human rights...Paloma Muñoz Quick, Program Director for the Alliance [said] “Investors are expected to consider [human rights] risks throughout their investment processes and use their leverage to influence...companies to mitigate them. The Alliance is designed to help investors maximize their impact on business and human rights concerns through education, connections to resources, and collective action.”...“The outcomes of the Corporate Human Rights Benchmark pilot study are another signal that companies still have more work to do on respecting human rights. In order to be effective, more investors should use their leverage to engage companies in a dialogue about truly integrating respect for human rights in their strategies,” said Anna Pot of APG Asset Management. “We are grateful to ICCR for initiating the Investor Alliance for Human Rights that enables more investors to work in this important area.”