September 19, 2013
Today, UN Global Compact and PRI publish the report “Responsible Business Advancing Peace”. The new publication follows the 2010 resource “Guidance on Responsible Business in Conflict-Affected and High-Risk Areas” and offers a selection of practical examples, presented by companies, investors and local actors, of how they used the Guidance to implement responsible business practices in the most challenging operating environments. The investor case studies illustrate how appropriate measures can preserve long-term shareholder value, mitigate financial and reputational damage and reduce negative externalities. GES’ thematic engagement on Western Sahara features in the report.
GES has been engaging on controversial business activities in Western Sahara since 2007. Four years later the Thematic Engagement project was developed in collaboration with investors who wanted to dedicate more resources into influencing the companies involved in the territory. The project aims to encourage and support companies associated with controversial activities in Western Sahara to work together in addressing human rights and other ESG issues in the occupied territory. The engagement centres on constructive dialogue, typically over several years, focusing on investors’ concerns.
“GES is proud to contribute to this publication stressing the importance of managing the specific risks and responsibilities facing investors and companies associated with particularly challenging locations. This kind of practical resources are extremely useful as business and investment strategies become increasingly global. We encourage our clients to review the case studies and hope that our experiences will in part inspire and support them, as well as other actors, in strengthening their internal and external expectations for responsible corporate behaviour in conflict-affected areas” commented Tytti Kaasinen, Senior Engagement Manager at GES.
Click here to view or download full report.
For further information, please contact:
Tytti Kaasinen, Senior Engagement Manager