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Article

7 Dec 2021

Author:
Boston Common Asset Management, CalSTRS, Church of Sweden, Storebrand Asset Management & 26 other investors

Urgent investor statement on the situation in Sudan

We, the investor signatories to this statement, are deeply concerned by the evolving situation in Sudan... We stand with the people of Sudan and its civil society at this time of crisis in support of the “shared space” of the rule of law, accountable governance, and civic freedoms. We believe those elements – and a full restoration of the democratic transition – are essential to a stable, profitable and sustainable business and investment environment, and a democratic, peaceful and prosperous future for Sudan We urge a swift resolution of the current situation based on dialogue and reconciliation in accordance with the will, the rights, and the interests of the people of Sudan.

... [W]e believe it is important and urgent for companies operating directly or indirectly through business partners including suppliers or distributors in Sudan to:

  • Protect their workers from violence wherever possible
  • Provide assurances that employees or contractors will not face retaliatory action from companies if they choose to join demonstrations or otherwise exercise their freedom of expression
  • Map the impact of the military’s actions and the conflict across their operations and business partners
  • ... [A]void inadvertent funding of Sudan’s military or security services
  • Conduct effective human rights due diligence, and ensure that companies do not cause or contribute to human rights violations or conflict
  • Identify what action they can take if they are linked through their activities with other parties violating human rights; adopt conflict and gender-sensitive grievance mechanisms as necessary; and remediate adverse impacts that may have occurred...

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