A number of major asset owners and managers have teamed up to tell their portfolio companies to step up their responses to human rights violations in Myanmar.
A group of 77 investors, led by Norway’s Storebrand Asset Management, US-based Domini Impact Investments and advocacy group Heartland Initiative, has backed a statement asking firms to outline their business activities in Myanmar and address any potential human rights impacts.
The move comes as the UN’s head of human rights, Michelle Bachelet, warned today of escalating violence in Myanmar. The country was subject to a military coup in February and there are now reports that security forces are shelling civilian homes.
“In the last months Storebrand has been conducting due diligence on companies with operations in Myanmar to try to establish which have links to the military junta and potential human rights violations”, said Kamil Zabielski, Head of Sustainable investment at Storebr…