Study analyses human rights performance of 50 largest Finnish companies using CHRB Core Indicators

Author: 3bility Consulting, FIANT Consulting Oy, Published on: 8 November 2019

November 2019

This study has utilized the methodology of [...] the Corporate Human Rights Benchmark for analysing the human rights performance of the 50 largest listed companies in Finland (excluding finance and insurance sector actors)...

A great majority of the assessed companies had made at least a general level commitment to respect human rights in their business operations. However, the assessment results indicate that bringing this commitment into practice through systematic human rights due diligence processes is still, overall, at a very early stage...

The assessment results indicate that still a majority of the assessed companies lack clear processes for assessing their human rights risks and impacts. This is directly reflected in the low share of companies reporting on actions taken to address and integrate human rights impact assessment results in their organizations’ processes and practices and with concerned external stakeholders, as well as the very low share of companies providing any information on monitoring the effectiveness of these actions as a core element of the human rights due diligence process. These clear gaps in, and in many cases even lack of human rights due diligence processes are directly reflected in poor grievance channels and mechanisms, as well as lack of information provided on remedying adverse impacts...

Read the full post here