Snapshot co-organized by the Working Group on business and human rights and the United Nations Environment Programme Finance Initiative
Human rights and environmental issues are becoming a core consideration for financial institutions (FIs). FIs can play an important role in mitigating and adapting to the triple planetary crisis of biodiversity loss, pollution and climate change and are increasingly investing in the environment, including in the transition to renewable energy. However, for these efforts to contribute to sustainable development, FIs must avoid causing or contributing to negative impacts on human rights. FIs can enhance their positive impact on society by leveraging their influence with clients/investees to promote respect for human rights and enable access to remedy.
In this snapshot session, UNEP FI will outline key actions that the financial sector can take to advance human rights within their organizations. As part of this session, we are also proud to launch the Human Rights Resource Kit, which provides practical step-by-step guidance for banks on how to develop their own human rights policy, undertake human rights due diligence, develop effective grievance mechanisms, and enable access to remedy. The session will also highlight some examples of best practice and current trends in human rights within the financial sector arising from peer-led discussions within the UNEP FI Human Rights Community of Practice.
