A/HRC/23/32 (c) To encourage partnerships and increase dissemination and implementation through both chambers of commerce and value chains; (d) To build evidence and collect examples of practice by small- and mediumsized enterprises. 10. Indigenous peoples 53. The Working Group took note with concern of the many allegations of serious violations and challenges in ensuring respect for the rights of indigenous peoples in the context of business activities, as well as of existing initiatives and lessons learned in the protection of those rights. The Working Group identified as priorities the need: (a) To encourage the use of the Guiding Principles in promoting the corporate responsibility to respect human rights in relation to indigenous peoples and business activities in alignment with other relevant standards, including the United Nations Declaration on the Rights of Indigenous Peoples; (b) To collect further evidence of lessons learned from initiatives and partnerships and business practices respecting the rights of indigenous peoples, including overcoming challenges in the implementation of such initiatives; (c) To raise awareness of and build capacity on the Guiding Principles among indigenous peoples and on the rights of indigenous peoples among business enterprises; (d) To provide further guidance on addressing key challenges, including culturally appropriate meaningful consultations, access to remedies and addressing conflict between enterprises and indigenous peoples. 11. Financial sector 54. The Working Group noted the key role of both public and private finance institutions in ensuring the implementation of the Guiding Principles by businesses. It also noted the current initiatives by public finance institutions to incorporate human rights into their policies, and identified as priorities the need: (a) For States to ensure more effective integration of human rights and the Guiding Principles into the policies of public financial institutions, including multilateral financial institutions and export credit agencies; (b) For States to address current challenges in this regard as a matter of priority, and to encourage the strengthening of grievance mechanisms linked to such institutions, in accordance with the Guiding Principles; (c) For greater collaboration between public finance institutions and alignment with human rights standards and the Guiding Principles. 55. The Working Group notes the potential far-reaching influence and impact of the private financial sector on human rights, and also the initiatives by some investors, including ethical funds and institutional investors, to incorporate human rights considerations into the establishment of their portfolios. The Working Group welcomed efforts, such as the OECD initiative, to elaborate specific guidance on the implementation of the Guiding Principles n this sector. It identified as priorities the need: (a) To gather evidence on lessons learned from initiatives in the financial sector; (b) To elaborate more guidance on the implementation of human rights due diligence, access to remedies and exercising leverage within the financial sector; 15

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