Standard Life Investments issues report on implementation of UN Guiding Principles on business & human rights in extractives sector

Get RSS feed of these results

All components of this story

Article
16 December 2011

Extractive companies failing on human rights – Standard Life Investments

Author: Nina Röhrbein, Investments & Pensions Europe

There are clear gaps on due diligence and grievance mechanisms at most companies in the extractive sector, according to research published by global fund manager Standard Life Investments (SLI)...Julie McDowell, head of sustainable and responsible investment at SLI, said..."Because our study focused on the companies likely to have the highest standards, we expect that companies outside the extractive industries will face even bigger challenges in moving to align their procedures with the GPs."

Read the full post here

Article
15 December 2011

[PDF] Standard Life Investments report on business and human rights in the extractive industries

Author: Standard Life Investments

Standard Life Investments, the global fund manager, has issued a report entitled Business and Human Rights which reviews the implementation in the extractives sector of the key aspects of Professor John Ruggie’s Guiding Principles for Business and Human Rights...Even at the largest extractive companies which have a long history of reporting on social and environmental issues, reporting on human rights issues is often not indicative of actual practice...The human rights policies of the largest extractive companies demonstrate a high level of alignment with the requirements set out in the GPs.

Read the full post here

Article
1 December 2011

[PDF] Business and Human Rights

Author: Standard Life Investments

Foreword by James Featherby...Investors regularly evaluate...a variety of risks that could impact on their investments, including the risks that social and environmental issues pose to secure, stable and safe operations. Human rights issues have been some of the most difficult for investors to assess, in part due to a lack of agreement on the nature and extent of the responsibilities of business to prevent or remedy abuses. In this report we look at the new standards for corporate conduct set out in the Guiding Principles for Business and Human Rights...Our findings support the conclusion that the GPs are much more than a consolidation of existing best practice. [refers to Shell, Total, Anglo American, Antofagasta, BG Group, BHP Billiton, BP, Cairn Energy, ENI, OMV, Randgold Resources, Repsol, Rio Tinto, Statoil, Tullow Oil, Xstrata]

Read the full post here