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Relatório

17 Nov 2022

Author:
BankTrack

BankTrack’s 2022 Global Human Rights Benchmark shows slow progress among banks & lack of action to address key gaps on reporting & remedy

"New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy", 17 Nov 2022

The fourth edition of BankTrack’s Global Human Rights Benchmark, published today, finds that 38 out of 50 of the world’s largest commercial banks are implementing less than half of [the requirements] set out in the UN Guiding Principles on Business and Human Rights (UNGPs). In addition, a new assessment of banks on their response to specific human rights violations as part of the benchmark shows they failed to provide a constructive response to the allegations raised three quarters of the time...

Most banks are dragging their heels on implementation of the UNGPs, especially when it comes to human rights reporting and enabling access to remedy for harms. All but eight out of 50 banks fall short of reporting on specific human rights impacts they identified and the steps taken to address them...

More positively, the report shows some improvement since BankTrack’s last global human rights benchmark in 2019, with the average score rising from 4 to 5 points out of 14. This progress, while limited, is particularly welcome after little to no improvement being found in the 2019 benchmark. Also positive is the unprecedented number of banks that provided feedback into the process, with 36 out of 50 banks providing comments on draft scores during the research process.

The benchmark also finds that more banks now have well developed human rights due diligence processes in place, and include, at least to some degree, consultation with rights holders and other stakeholders. Banks are also doing more to monitor the effectiveness of actions taken to address adverse impacts, though approaches are often limited to certain sectors, and are lacking strong indicators.

The report also considers the need for bank action to protect human rights defenders, including Indigenous peoples, who play a critical role in protecting communities, the environment, and natural resources, and in many cases are harmed in the course of fighting projects financed by commercial banks. Only three banks included any consideration of human rights defenders in their due diligence processes, the report reveals...

[NB: Each bank was given the opportunity to comment on their draft scores before publication.]

Investor statement in support of BankTrack's Benchmark

A statement coordinated by the Investor Alliance for Human Rights and signed by 47 investors with US$861 billion in AUM expresses concern over the human rights performance of banks in the Benchmark and calls on banks to raise the ambition.