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Article

1 Oct 2008

Author:
John Ruggie, Special Representative of the UN Secretary-General on business & human rights

[PDF] Statement by SRSG on Submission by the Bank Information Center (BIC), BankTrack, Center for International Environmental Law (CIEL), Oxfam Australia and World Resources Institute

I thank the authors of this joint submission on managing human rights-related risks in investment projects and standards for investment... I appreciate the extensive analysis these organizations have undertaken of allegations from over 60 case studies. Their analysis will be very useful to me as I set out in the course of my current mandate to “operationalize” the policy framework that I had proposed to the UN Human Rights Council, and which it welcomed unanimously in June...In particular, it will serve as a useful reference point for any work we may undertake to operationalize what it means for investors, lenders, and asset managers to respect human rights and avoid complicity in human rights abuses.