An investor coalition representing $4.5trn in assets is demanding companies such as Starbucks, Gazprom and Calsberg take action on their poor human rights records.
The Investor Alliance for Human Rights, including Aviva Investors, Nordea, New York State Common Retirement Fund and the Swedish national pension funds have written to the 95 worst performing companies on human rights due diligence, based on the current Corporate Human Rights Benchmark.
The 95 companies, which also include Canon, Ralph Lauren and Costco, all scored 0 on human rights due diligence in the 2019 CHRB ranking.
They are urged to take concrete action, including disclosing how human right risks are identified and taking action to prevent adverse impacts, before the next assessment for the CHRB begins in June.
CHRB, which is part of the World Benchmarking Alliance, measures how companies perform across 100 indicators based on the UN Guiding Principles on Human Rights. It …