Kate Larsen, SupplyESChange | Martina Macpherson, Moody’s Investors Service Assessments | Dr. Reiner Hengstmann
This podcast discusses for Investors the recent and emerging new regulations requiring companies to undertake Human Rights (Social) and Environmental Due Diligence, and on their global supply chains, and the ESG implications.
Our speakers include two with significant experience managing and reporting on the Environmental and Social risks in supply chains, especially Asia, for large listed companies, dealing with Modern Slavery risk and reporting, and participating in various industry initiatives and inputting to sector standards, guidelines and laws, and one with significant experience from the Investor side. The UN Guiding Principles on Business and Human Rights (UNGPs) outlined the steps companies should take to show respect for human rights, and this was further outlined in the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct and OECD Due Diligence Guidance for Responsible Business Conduct, and sector specific due diligence guidance. These standards have been further referenced in the Guidance for relevant business to implement it’s obligations under the UK Modern Slavery Act Transparency in Supply Chains clause, and similar Australian legislation. France requires large companies to publish regarding their Business Human Rights Due diligence steps and there are now discussions for similar law in Germany or at the EU level. When Supply Chain Environmental and Social/ Human Rights Due Diligence is implemented effectively, the positive outcomes can include Social Impacts such as contributing to delivery of many of the UN Sustainable Development Goals (the SDGs), particularly SDG 8 Decent Work and SDG 1 No Poverty.
This podcast will look into potential new regulations and the drivers behind it, discuss other ESG and investor related emerging legislation, and provide tips for how Investors might analyse ESG and related HRDD reporting by companies to assess ESG risk management and impact.
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