GES Newsletter
October 1, 2013

What do the recently adopted Guiding Principles for Business and Human Rights and updated OECD Guidelines for Multinational Enterprises mean for financial institutions? They both apply to all industries, including the financial market. However, no common praxis for applying the guidelines on the financial sector has been developed, which has led to varying perceptions and expectations within the industry.

Work on clarifying the application of the guidelines to the entire financial sector has begun. The OECD has just finished a consultation on the issue and has set up a working group on responsible business conduct. This group will recommend a due diligence and risk management framework for the financial sector.

The UN Guiding Principles provide a framework to define reasonable expectations and this is being further articulated by the OECD. The question for asset owners and asset managers is, how do you adapt to the expectations?

For inspiration and guidance in answering the question GES has invited three persons who are all experienced in this area to present their views and discuss the topic at the webinar held on October 10, 2013 at 10.00 – 11.00 am CET.

Lene Wendland is head of the Business and Human Rights Team in the Office of the United Nations High Commissioner for Human Rights (OHCHR). She worked closely with the former UN Special Representative on business and human rights, Professor John Ruggie, in the development of the United Nations Guiding Principles on Business and Human Rights.

Prof. Dr. R. (Roel) Nieuwenkamp is since June 1st 2013 the Chair of the new OECD Working Party on Responsible Business Conduct in Paris. He supervises the Corporate Responsibility work of the OECD and provides leadership to CSR programs, e.g. on the Financial Sector, Mining Sector and conflict minerals.

Saskia van den Dool-Gietman is Senior Advisor for Responsible Investment at PGGM Investments. She leads various engagement activities and she is responsible for the development of PGGM policies in the area of RI.

Please register here 
After registering, a confirmation will be sent via email, containing information about joining the webinar.