@faridbaddache.bsky.socialCouncil of Europe hosted recently a great BHR Forum I had a chance to attend
Risks rise (AI, climate, conflict) as EU rules retreat.
Lighter law doesn't mean lower risk, just less anticipated.
We'll talk about implications in upcoming close door discussion with clients & stakeholders
@genevaenvironmentnetwork.org@genevaenvironmentnetwork.orgSharing next steps for financial sector on #UNGPs, Edoardo Vignotto of J. Safra Sarasin underscores importance of embedding more closely #humanrights in business operations, beyond due diligence. He highlights the need to shift focus from process to impacts of grievance mechanisms.
@genevaenvironmentnetwork.orgMichael Clements of @business-humanrights.org highlights how #UNGPs were "intended to be a floor and not a ceiling," providing governments a real framework to protect people from abuse & civil society a common language for leverage. Yet, she also underscores compliance often still falls short.
@genevaenvironmentnetwork.orgSharing the work of Swiss Re in integrating #humanrights into their portfolio, Elaine O'Brien of highlights the added value of #UNGPs not only as a practical tool to navigate human rights due diligence as a standardized risk management process, but as a concrete way to engage with stakeholders.
@genevaenvironmentnetwork.orgThough the #UNGPs have transformed business & #HumanRights into a standard practice, Aki Ueda of JaCER highlights much work is needed: having human rights policies and due diligence processes in place does not necessarily mean that affected the people receive effective remedy.
@genevaenvironmentnetwork.orgMauricio Lazala of UN HumanRights shares that the most significant achievement of the #UNGPs has been placing expectations more on businesses to protect human rights. But implementation has not sufficiently changed outcomes for people, as he calls on institutions to "make their leverage count."
@genevaenvironmentnetwork.orgHighlighting the work in advancing #UNGPs and its uptake in the financial sector, Fernanda Hopenhaym of UN @unwgbhr.bsky.social presents current challenges faced, incl. better understanding of #humanrights approach and embedding human rights due diligence across operations & in portfolios.
@genevaenvironmentnetwork.orgOpening the event, Joana Pedro of @UNEP_FI highlights that fifteen years on, the #UNGPs have made its mark, not only as an ambitious and aspirational framework, but as practical and doable – leading to its increasing uptake within the financial sector.
@genevaenvironmentnetwork.org#Live now!
15 years on, the UN Guiding Principles on #BizHumanRights are more important than ever. Join the event discussing how #UNGPs have shaped financial sector practices and what challenges & opportunities lie ahead.
@unwgbhr.bsky.social