The UN Guiding Principles on Business and Human Rights (UNGP) stipulate that all business enterprises should respect human rights. Based on these principles, banks are expected to respect human rights. Human rights are defined following the International Bill of Human Rights consisting of the Universal Declaration of Human Rights and other key instruments: the International Covenant on Civil and Political Rights; the International Covenant on Economic, Social and Cultural Rights, and the eight ILO core conventions as set out in the Declaration on Fundamental Principles and Rights at Work. Depending on the circumstances the UNGP recommend referring to specific treaties meant to protect the rights of specific vulnerable groups such as indigenous peoples; women; minorities; children; persons with disabilities, or migrants.
How good are banks at respecting human rights? The Banking on Human Rights project ranks banks according to their involvement in human rights abuses. Our ranks are based on publicly available evidence and show how hundreds of banks have performed over the period 2000-2015.
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