Protecting and promoting human rights for all.
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Daily Financial Express
Abstract
The article ''Protecting and promoting human rights for all'' by M. Azizur Rahman discusses the critical role of financial institutions (FIs) in upholding human rights within their operations and investment chains. It highlights the growing global emphasis on corporate responsibility, particularly under frameworks such as the UN Guiding Principles on Business and Human Rights (UNGPs) and the OECD Guidelines for Multinational Enterprises. The piece examines how FIs can mitigate direct and indirect adverse impacts on human rights and the environment through due diligence, sustainable policies, and active engagement with stakeholders. It also underscores the need for regulatory advancements and industry-wide standards to ensure accountability and promote ethical business practices in the financial sector.