{"id":1272,"date":"2017-03-13T17:48:43","date_gmt":"2017-03-13T16:48:43","guid":{"rendered":"http:\/\/duurzaam.net\/?p=1272"},"modified":"2018-09-18T17:58:29","modified_gmt":"2018-09-18T15:58:29","slug":"benchmark-to-drive-corporate-competition-to-improve-human-rights","status":"publish","type":"post","link":"https:\/\/vbdo.nl\/en\/2017\/03\/benchmark-to-drive-corporate-competition-to-improve-human-rights\/","title":{"rendered":"Corporate Human Rights Benchmark"},"content":{"rendered":"<p class=\"date\"><strong>Benchmark to drive corporate competition to improve human rights<\/strong><\/p>\n<p class=\"date\"><strong>London \u2013 The first-ever\u00a0<a title=\"Corporate Human Rights Benchmark \" href=\"https:\/\/business-humanrights.org\/en\/corporate-human-rights-benchmark\" target=\"_blank\" rel=\"noopener\">public ranking of corporate human rights<\/a>\u00a0performance launched today, seeking to incentivise companies in a race to the top for the moral and commercial advantages of a strong human rights record.\u00a0<\/strong><\/p>\n<p>BHP Billiton, Marks &amp; Spencer Group, Rio Tinto, Nestle, Adidas and Unilever are among the small group of leading performers. Costco Wholesale, Macy\u2019s, Grupo Mexico and Yum! Brands are among the much larger group with lower scores.<\/p>\n<p>The product of two-years consultation with over 400 companies and organisations, the Corporate Human Rights Benchmark is supported by 85 investors, accounting for $5.3 trillion in assets under management<b>.<\/b>\u00a0The Benchmark is led by investors and non-profit groups and analyses 98 companies from three high-risk industries \u2013 agricultural products, apparel and extractives \u2013 but will grow year-on-year to cover the world\u2019s 500 largest listed enterprises.<\/p>\n<p>The Benchmark examines companies\u2019 policies, governance, processes, practices, and transparency, as well as how they respond\u00a0to serious allegations of human rights abuse. This is done by scoring the companies on 100\u00a0indicators across six measurement themes. A small number of companies emerged as leaders scoring between 55-69%, but the results skew significantly to the lower bands. A clear majority, 63 out of 98 companies, score below 30%.<\/p>\n<p>Investors are encouraged to use the CHRB\u2019s results in their analysis of companies and investment decision making, including the identification of key human rights risks to discuss with management. Successful companies will have lowered their exposure to potential legal, reputational and financial risks that could arise from human rights abuses. The ranking also paves the way for governments to use a smart mix of regulation and incentives to enhance transparency and minimum standards of corporate behaviour to make the business case for the respect of human rights.<\/p>\n<p>Companies in the middle and lower bands of the Benchmark should demonstrate their respect for human rights and seek to emulate the best practice of industry leaders. Companies that have yet to start implementing their human rights responsibilities have no time to lose, because any inaction runs a high reputation risk with investors, customers and prospective employees.<\/p>\n<p><a title=\"Corporate Human Righs Benchmark \" href=\"https:\/\/business-humanrights.org\/en\/corporate-human-rights-benchmark\" target=\"_blank\" rel=\"noopener\">For more information, please visit the Corporate Human Rights Benchmark website.<\/a><\/p>\n<p>Ang\u00e9lique Laskewitz, Director of the\u00a0Dutch Association for Sustainable Investing (VBDO) said:<br \/>\nThe VBDO has over 20 years&#8217; experience with measuring company CSR performance in benchmarks. In our company engagements, we have noticed that public benchmarks make sustainability topics more concrete for companies and create a &#8216;race to the top&#8217;. We expect the Corporate Human Rights Benchmark to do the same for\u00a0international and industry-specific standards on\u00a0human rights and\u00a0responsible business conduct.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark to drive corporate competition to improve human rights London \u2013 The first-ever\u00a0public ranking of corporate human rights\u00a0performance launched today, seeking to incentivise companies in a race to the top for the moral and commercial advantages of a strong human [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[],"esg-filter":[],"pub-type":[],"class_list":["post-1272","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corporate Human Rights Benchmark - 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