ESG Focus Areas
33
Human Rights
As responsible investors, we expect companies to comply with internationally recognized human rights principles and to prevent and manage their impact on human rights.
in five high-risk sectors – food and agricultural products, ICT and automotive manufacturing, apparel, and extractives – and 244 of the world’s largest companies from 2018 to 2023. The indicators of the CHRB are grounded in the UN Guid- ing principles on Business and Human Rights (UNGPs) and other international human rights standards. In 2020 the CHRB was integrated with the World Benchmark- ing Alliance and its core human rights indictors are now inte- grated in WBA Social Benchmark covering 2000 companies. In the fall of 2024, after seven years and five iterations of benchmarks, a comprehensive review of the Corporate Human Rights Benchmark was conducted. The review showed that although progress among sectors and topics is uneven, 64% of companies have progressed on their human rights perfor- mance in five years.
Our expectations apply both to the investee companies them- selves and to their supply chains. At NAM, we screen all our holdings for breaches of international norms, identifying com- panies that are allegedly involved in breaches of international laws and norms on human rights and labor standards. Collaborating with Corporate Human Rights Benchmark (CHRB) for impactful engagements Corporate Human Rights Benchmark (CHRB) provides a free and publicly available comparative assessment of the world’s largest publicly listed companies. It assesses company’s poli- cies, processes, and practices related to human rights. Between 2016 and 2020, we were a funding and steering committee member actively involved in the development of the CHRB, which has now been integrated with the World Benchmarking Alliance (WBA). During this time the CHRB produced five itera - tions of in-depth data on corporate human rights practices
Some of our Human Rights engagement initiatives
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