This is the second of three working papers intended to develop and test new business policies and practices aimed at establishing a sustainable social license to operate for new AI technologies that are capable of creating long-term sustainable value for all stakeholders... [It] argues for attention to be paid to the AI value chain and demonstrates that the positive and negative human rights impacts associated with AI are directly relevant for companies beyond the technology sector... [E]very industry will in some way be involved—and implicated—in any societal harms that come with the use of AI... The use of AI by the financial services industry will bring human rights implications in areas like nondiscrimination, responsible investment, and privacy... [T]he use of AI in treatment plans, connected health, and patient monitoring will positively influence the right of every human being to the enjoyment of the highest attainable standard of physical and mental health... [yet] risks will [also] exist in the areas of privacy, informed consent, and ensuring that patients provide proper permission for data use in trials and research.

... We believe that businesses should... [b]uild a human rights risk map for AI integration;...[u]ndertake industrywide human rights impact assessments of AI;...[e]ngage with multistakeholder efforts focused on the responsible use of AI... [b]ecome a responsible procurer of AI solutions... [and] [e]ngage relevant engineering, R&D, technology, CTO, or data science functions in responsible business strategies and governance mechanisms.