[PDF] [Submission in response to] Call for input: Report on business and human rights and the UN system

Author: BankTrack, Published on: 26 March 2012

Banks have a specific role in enabling or preventing possible human rights violations...It is up to banks to adapt their business operations in recognition of this responsibility. BankTrack continuously monitors the standards that private sector banks use to manage their activities in sectors where human rights violations may occur...[and] the efforts of banks to integrate human rights issues in their business operations are still at their infancy. Very few banks have adopted an explicit human rights policy...Sector standards...remain weak when it comes to human rights safeguards and conditions. Given this situation, we would like to encourage the working group to further elaborate on the specific implementation challenges of the Guiding Principles for banks, and financial institutions in general. [Refers to Barclays, Credit Suisse, UBS, Unicredit]

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Related companies: Barclays Credit Suisse UBS Unicredito Italiano (now Unicredit)