Investors with over US$5 trillion call on govts. to introduce mandatory human rights due diligence for companies
On 21 April 2020, a group 105 investors representing over US$5 trillion in assets under management joined forces to call on governments to introduce mandatory human rights due diligence regulation for companies. The statement, coordinated by the Investor Alliance for Human Rights, goes on to outline that this type of regulation is
1. Materially good for business, investors, and the economy;
2. Essential in creating uniformity and efficiency as an increasing number of governments are already taking this step; and
3. A necessary component for investors to fulfill [their] own responsibility to respect human rights.
More information, including the full statement, is available below, and here in German.