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Article

14 Mar 2017

Author:
BankTrack

Thun Group response BankTrack

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...Firstly, as mentioned in our open letter, the Thun Group made a commitment following its last open meeting in June 2014 to define a stakeholder engagement strategy. However, this commitment has not yet been met. For constructive dialogue to take place it is vital that commitments made at such meetings are upheld. In addition, the absence of a meaningful and inclusive stakeholder engagement strategy is at the heart of the concerns we set out in our open letter. The UN Working Group made the point in its response to the Thun Group paper that initiatives like this paper, which seek to interpret the meaning of the UNGPs in a sector-specific context, “should be subject to a process of consultation and review by other stakeholders to ensure accuracy, robustness and legitimacy”. In line with this, we ask the Thun Group to meet its commitment to establish a stakeholder engagement strategy, and do so in a way which takes on board this recommendation from the UN Working Group, in time for its forthcoming meeting. Secondly, we have asked the Thun Group to withdraw and reconsider its recent paper...

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