A/HRC/44/56
C.
Role of the investment community in driving more and better human
rights due diligence
63.
The Working Group highlighted the importance of strengthening dialogue among
investors, companies and Governments, recalling the key role of institutional investors in
implementing the Guiding Principles and the OECD Guidelines for Multinational
Enterprises.
64.
At a session led by the Investor Alliance for Human Rights, the question of how
Governments could drive human rights due diligence by investors was raised. Participants
highlighted that investors, like all business actors, were expected to have human rights
policies and due diligence systems in place to identify actual and potential risks, sought to
prevent and mitigate adverse impacts, were transparent about risks and how they were
addressed and played a role in enabling access to remedy when their investments were
directly linked to human rights abuses.
65.
One session was dedicated to discussing how government action and public-private
partnerships could work to end modern slavery and human trafficking through responsible
investment. The Liechtenstein Initiative for a Financial Sector Commission on Modern
Slavery and Human Trafficking and its final report, Unlocking Potential: A Blueprint for
Mobilizing Finance against Slavery and Trafficking, were presented.20 The Working Group
emphasized the importance for any such initiative in the financial sector to be supported
through a number of policy and regulatory tools, including to increase transparency and
promote the development of competition law and public procurement regulation in line
with guidelines and effective remedy mechanisms.
V. Issues in focus
66.
Several sessions focused on issues that had become standing items or that had been
identified by the Working Group as emerging or systemic issues on the business and human
rights agenda.
A.
Groups at risk
67.
A number of sessions addressed the challenges faced by individuals and groups at
heightened risk of abuse, as well as effective practices for protecting them.
68.
One session focused on the report of the Working Group on the gender dimensions
of the Guiding Principles. In follow-up to the discussions held during the seventh session of
the Forum, participants raised issues faced by women and girls in the world of work,
including violence, sexual and other forms of harassment, inequality, health inequality at
work, underrepresentation in positions of leadership and political participation,
discrimination, exploitation and abuse in global supply chains and overrepresentation in
informal, part-time and casual work. Representatives from different stakeholder groups
identified capacity-building through training to employees and employers among the
potential solutions. The implementation of flexible maternity leave and childcare support,
and greater attention to gender dimensions in the context of access to remedy, were also
mentioned.
69.
Indigenous peoples’ representatives from all regions shared examples of how
business activities had had an adverse impact on their communities. They also emphasized
that Governments and businesses had an important role to play in preserving the biocultural
diversity of the heritage of indigenous peoples. Some representatives expressed concern
about the negative effects of natural resource exploitation, including in the mining and
hydroelectric dam construction sectors, on their fundamental rights. They called for
recognition of the fundamental rights of indigenous people, which included the right to
define their own economic development model. They expressed the need for the
international definition of free, prior and informed consent to be adapted to individual
20
14
See www.fastinitiative.org/.
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