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23 Mar 2020

Attracta Mooney, Financial Times

Costco, Prada and Starbucks challenged on human rights disclosures

A group of more than 175 big investors with $4.5tn in assets have written to 95 companies [...] calling for immediate action from some of the world’s best-known businesses.

The investors, which include Nordea and Aviva Investors, contacted the worst-performing companies on human rights due diligence according to a ranking from the Corporate Human Rights Benchmark...

Pauliina Murphy, engagement director at the WBA, said that with the outbreak of coronavirus it was more vital than ever that companies take human rights seriously...

In the letter, which was sent earlier this month as the coronavirus outbreak was spreading, the investors called for companies to take “decisive action” to report on how they approach human rights before the CHRB begins its next round of assessments in 2020...

The letter targeted every company that scored zero on human rights due diligence in the CHRB 2019 ranking...

Carlsberg said it already published information on human rights in its sustainability report. Prada said it started its first internal human rights assessment in its supply chain in 2019 and will publish information on this soon.

Costco declined to comment. Starbucks and Ralph Lauren did not respond to a request for comment.

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