Investors with over US$5.8 trillion in assets criticise weak human rights performance of multi-national companies
In the latest 2020 Corporate Human Rights Benchmark (CHRB) ranking, 106 companies – nearly half of the 230 largest publicly traded companies in high-risk sectors included in the benchmark – scored zero on all five indicators relating to human rights due diligence.
In March 2020, 176 international investors with US$4.5 trillion in assets sent a letter to the 95 companies that failed to score any points on the human rights due diligence indicators in the 2019 ranking, calling for urgent improvement. Of those 95 companies, 79 still failed to score any points on the related indicators in 2020.
In May 2021, a group of 208 global investors organized by the Investor Alliance for Human Rights and representing US$5.8 trillion in assets under management sent a statement to the 106 companies that scored zero on all the human rights due diligence indicators in the 2020 CHRB report.