Banks responsible for human rights impacts of companies owned on behalf of clients, says UN

UN Office of the High Commissioner for Human Rights weighs in on bank responsibilities amid pending human rights complaint against UBS

The UN’s human rights authority has said that, under the Guiding Principles on Business and Human Rights, banks are accountable for companies they hold shares in on behalf of a client. 

The Office of the High Commissioner for Human Rights (OHCHR) drew the conclusion, which could h…

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