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Tuesday November 26, 2024 10:00am - 11:20am CET
Session co-organized by the Working Group on Business and Human Rights, in collaboration with PAX; Quaker United Nations Office; Asser Institute for International and European Law; Global Rights Compliance; Heartland Initiative; American Bar Association Center for Human Rights; and Essex Business and Human Rights Project, University of Essex 

Brief description of the session:
States, manufacturers, investors and advisers all have responsibilities, whether under international law or the UNGPs, to ensure that weapons are not used to commit violations of international human rights law and international humanitarian law, are otherwise misused or diverted, or supplied to actors subject to international sanctions. Due diligence should also consider any involvement in prohibited or indiscriminate controversial weapons, including nuclear weapons. As the arms industry is increasingly exempted from mandatory human rights due diligence, this session will shed light on other frameworks which, taken together, can contribute to ensuring adequate human rights due diligence, responsible arms trade, and access to remedy for victims.

Key objectives: 
  • Ensure that States and businesses are aware of their responsibilities in relation to arms production and trade, regardless of recent exclusions from legislation.
  • Identify how States and the arms sector can conduct appropriate (heightened) HRDD with end-use monitoring to prevent, mitigate and remedy human rights or IHL violations and diversion.
  • Provide guidance on how investors can minimise their portfolio exposure to risks associated with arms production and trade.
Key questions:
  • Beyond export controls, what measures can States take to ensure responsible business conduct in the arms sector?
  • How can the defense sector fulfil its responsibility to respect human rights by conducting appropriate HRDD to identify, prevent and mitigate the adverse human rights impacts of its business activities (ranging from the production of indiscriminate controversial weapons to the sale of conventional weapons to high-risk actors)?
  • What are the avenues for civil society and victim representatives to achieve accountability for civilian harm caused by irresponsible arms transfers?
  • What practical challenges are faced by investors in developing exclusionary screening criteria that address the intrinsic risks associated with controversial arms production and high-risk arms trade, including the emergence of new technologies?
  • How can financial sector actors promote the implementation of the UNGPs and other global norms that seek to prevent such harms?

Background to the discussion:
As recognised by the UN Working Group on Business and Human Rights, despite regulatory frameworks, "arms products and services are still exported to States where they are used to commit a wide variety of human rights violations, including potential war crimes and crimes against humanity". Against the backdrop of rising global tensions, investors who seek to avoid portfolio exposure to risks associated with indiscriminate weapons and/or high-risk arms trade are also facing increased calls to financially back the defense sector. The recent exclusion of the arms sector, and large aspects of the financial sector’s activities, from the scope of the EU Corporate Sustainability Due Diligence Directive underscores the need to implement well-established legal and normative frameworks to ensure human rights compliance of states, companies and investors alike.

Background reading:
Moderators
avatar for Susi Snyder

Susi Snyder

Programme Coordinator, ICAN
Susi is the programme coordinator at the International Campaign to Abolish Nuclear Weapons. Her responsibilities include facilitating the development and execution of ICAN's key programmes, including the management of ICAN's divestment work and engagement with the financial sector.For... Read More →
Speakers
avatar for Tara van Ho

Tara van Ho

Associate Professor, University of Essex
Co-Director of the Essex Business & Human Rights Project, I teach, research, and advise on three main issues: (1) BHR in conflict-affected and post-conflict areas; (2) the relationship between investment law and BHR; and (3) the need to integrate BHR into a just and sustainable transition... Read More →
avatar for Tulia Machado-Helland

Tulia Machado-Helland

Head of Human Rights, Storebrand Asset Management
Tulia Machado-Helland is the Head of Human Rights at the Sustainable Investment team at Storebrand Asset Management. Her main responsibilities are to develop policies and procedures to integrate human rights in investment decisions; to conduct human right due diligence of portfolios... Read More →
RA

Radhya Al-Mutawakel

Chairperson, Mwatana for human rights
Human rights work. Documentation, advocacy.
avatar for Amb. Francisca E. Méndez Escobar

Amb. Francisca E. Méndez Escobar

Ambassador Méndez was born in Mexico City. She entered the Diplomatic Service of the Mexican Ministry of Foreign Affairs in 1991. She graduated as a BSc in Political Sciences and Public Administration and a MSc in Latin American Studies from the Mexican National Autonomous University... Read More →
Tuesday November 26, 2024 10:00am - 11:20am CET
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