Stockholm (NordSIP) – On Tuesday March 13, the Corporate Human Rights Benchmark (CHRB) received the CFA Sweden ESG Award for 2017, presented every year by the CFA Society Sweden’s ESG Committee. The jury included Henrik Malmsten (CEO, Durable Vision Invest), Jenny Askfelt Ruud (CEO, Enwise), and John Howchin (Secretary-General, Council on Ethics of the Swedish National Pension Funds). CHRB is a consortium of Aviva, APG, Business & Human Rights, EIRIS, IHRB, VBDO and Nordea.
“Human Rights is a challenging and sometimes complex topic for business, investors and governments. With the UN Guiding Principles on Business and Human Rights setting a de-facto standard on the responsibilities for business, investors and governments the need for transparent tools to both clarify expectations but also to quantify to the extent it is possible the efforts of companies in this area is much needed,” says the CFA Society Sweden in a press release.
For the CFA Society, the CHRB addresses this issue in a very ambitious manner and takes the topic to the financial markets through transparency, accessibility and a form of standardization previously missed. The consortium aims to measure the human rights performance of the world’s 500 largest publicly listed companies. “CHRB provides a comparative snapshot from year to year of the largest companies on the planet, looking at the policies, processes and practices they have in order to systematize their work on human rights and how they respond to serious allegations of human rights violations. CHRB is publicly available to all stakeholders at no cost.”
The award was accepted by Magdalen Kettis Phd, Head of Thematic Engagement, Group Sustainable Finance, Nordea and CHRB Advisory Council Member.
Picture © CFA Society Sweden