Many stakeholders, including investors, have asked for guidance on how companies should report on how they are implementing the UN Guiding Principles on Business and Human Rights (UNGP). The UN Guiding Principles Reporting Framework was developed through the Reporting and Assurance Frameworks Initiative (RAFI) in an open, global, and consultative process coordinated by Shift and Mazars. This framework can serve as a useful guide for investors to identify human rights risks in individual companies, review improved disclosure on human rights performance, and as a guide for engagement on human rights issues.
The UNGP Reporting Framework was launched on February 24, 2015. In coordination with the launch, Boston Common Asset Management organized an almost $4 trillion investor coalition which issued a statement urging leading companies to use the Reporting Framework to help them “know and show” their management of human rights risks.
The full investor statement can be found here:
http://www.ungpreporting.org/early-adopters/investor-statement/The investor statement is open to new signatories on an rolling basis.
Please contact Lauren Compere, Managing Director, Boston Common Asset Management at
lcompere@bostoncommonasset.com with questions.