UNGP Reporting Database reflects companies’ own reporting on how they are implementing the UN Guiding Principles on Business and Human Rights
Submitted by Shift
A new database launched today gathers together for the first time companies' own reporting about how they are implementing the UN Guiding Principles on Business and Human Rights. The UN Guiding Principles Reporting Database, developed by Shift, shows how companies' current disclosure responds to the key questions about their performance posed in the UN Guiding Principles Reporting Framework. The UNGP Reporting Framework, launched in 2015 by Shift and Mazars, is the world's first comprehensive guidance for companies to report on how they respect human rights.
"When companies pay attention to the quality of their human rights reporting, this typically leads them to focus more attention on their performance as well, motivating improvements over time. That is the ultimate objective of the UN Guiding Principles Reporting Database," said Caroline Rees, President of Shift.
The UNGP Reporting Database does not judge how well a company is implementing the UN Guiding Principles, nor does it rate or rank corporate performance or disclosure. Instead, the database enables companies and their stakeholders to draw their own conclusions about how meaningfully a company is reporting on its progress towards implementation of the UN Guiding Principles. The database draws only from information companies publish in their own websites and reports, in order to support integrated approaches to how companies think and talk about human rights in their core business. The database's catalogue of corporate disclosure can be used widely to support analysis, ranking or benchmarking of corporate reporting on human rights by other initiatives.
"The UNGP Reporting Database helps investors assess the material impact of human rights on companies' performance. This helps us as investors to examine the extent to which current company reporting meets our expectations for meaningful disclosure around human rights risks, as clarified by the UN Guiding Principles Reporting Framework. Shift has created an agile tool where investors are able to download the disclosed data for customised analysis, facilitating ESG integration in investment decision-making. We are excited by the opportunity this database presents in our engagements with companies," said Professor Christine Chow, Associate Director and Team Lead on human and labour rights, Hermes EOS of Hermes Investment Management. The UNGP Reporting Framework is supported by an investor coalition of over 80 investors representing over $4.8 trillion assets under management
The Reporting Database currently includes 30 companies from the FT500 2015 in the apparel and general retailing, extractives, and food and beverage industries. Over the coming months, Shift will increase the number of companies and the range of industries covered in the database, and will update companies’ disclosure in the database as they publish new reporting. The database is supported by Hermes Investment Management and includes research contributions from the International Clinic for the Defense of Human Rights (CIDDHU) at the University of Quebec in Montreal (UQAM), and Walden Asset Management.
The UN Guiding Principles Reporting Framework is the first comprehensive guidance for companies to report on human rights issues in line with their responsibility to respect human rights. This responsibility is set out in the UN Guiding Principles on Business and Human Rights, which constitute the authoritative global standard in this field. The UNGP Reporting Framework was launched in February 2015. It is an initiative of Shift, the world's leading centre of expertise on the UN Guiding Principles, and international accountancy firm Mazars.
The Reporting Framework provides a concise set of questions to which any company should strive to have answers in order to know and show that it is meeting its responsibility to respect human rights in practice. It offers companies clear and straightforward guidance on how to answer these questions with relevant and meaningful information about their human rights policies, processes and performance.
Shift is an independent, non-profit center for business and human rights practice.
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