“All companies have a responsibility to respect human rights. They may impact human rights in several ways through their business operations and supply chains, their community interactions and the marketing and use of their products and services. Respecting human rights is an inherent part of good practice. We expect companies to integrate human rights into their policies, corporate strategy, risk management and reporting.”
So says Norges Bank Investment Management (NBIM), which manages one of the world’s largest sovereign wealth funds, in its Human Rights Expectations Document. The Expectations Document is primarily aimed at company boards and a helpful a starting point for their interactions with companies on human rights.
In this Blog Post, we investigate what it means for boards to integrate human rights into policies, corporate strategy, risk management and reporting in a practical way that resonates with investors.