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Article

1 Dec 2011

Author:
Standard Life Investments

[PDF] Business and Human Rights

Foreword by James Featherby...Investors regularly evaluate...a variety of risks that could impact on their investments, including the risks that social and environmental issues pose to secure, stable and safe operations. Human rights issues have been some of the most difficult for investors to assess, in part due to a lack of agreement on the nature and extent of the responsibilities of business to prevent or remedy abuses. In this report we look at the new standards for corporate conduct set out in the Guiding Principles for Business and Human Rights...Our findings support the conclusion that the GPs are much more than a consolidation of existing best practice. [refers to Shell, Total, Anglo American, Antofagasta, BG Group, BHP Billiton, BP, Cairn Energy, ENI, OMV, Randgold Resources, Repsol, Rio Tinto, Statoil, Tullow Oil, Xstrata]