No questions asked: Profiting from the construction and hotel boom in Qatar
The construction boom brought on by the World Cup has been made possible by the financial institutions such as banks, pension funds and insurance companies which provided financing to, and investments in, construction and hospitality companies active in Qatar, as well as directly to the State of Qatar. The United Nations Guiding Principles on Business and Human Rights (UNGPs) call on the responsibility of all businesses, including financial institutions, to respect human rights. In the context of financial institutions, this means that banks and investors’ responsibility to respect human rights encompasses not only the human rights of their employees, suppliers, and clients, but also the actual or potential human rights impacts they are connected to through their credits and investments.
The objective of this report is to hold financial institutions accountable for the management of potential and actual human rights and labour rights risks in their Qatar-related financings and investments...