"Statement by the Thun Group of Banks: A Discussion Paper on the implications for corporate and investment banks of Principles 13 and 17 of the UN Guiding Principles on Business and Human Rights", 25 January 2017 

…This Discussion Paper aims to gain further understanding of how the “UN Guiding Principles on Business and Human Rights" (“UNGPs”) should be applied in the banking sector…The…Paper suggests a conceptual framework to help consider the meaning and reach of Principle 13 of the UNGPs for banks in a corporate and investment banking context. Furthermore, consideration is given to the due diligence envisaged by Principle 17. This principle determines that banks should, under the UNGPs, develop environmental and social risk management policies and procedures to support identification, prevention and mitigation of impacts caused and/or contributed to by clients to whom the bank provides financial products and services…By publishing the Discussion Paper, we aim to generate constructive dialogue among banks and other stakeholders interested in the areas covered within it...[Please send comments to Christian Leitz, christian.leitz[at]ubs.com]