The Corporate Human Rights Benchmark (CHRB) has launched its methodology and will rank the human rights performance of the top 100 companies globally in a pilot benchmark.
The Corporate Human Rights Benchmark has been sent to the selected companies, and has opened up its disclosure platform to allow companies to submit and make public information that CHRB will consider as part of the benchmark, CHRB said.
“Respecting rights should ultimately be a competitive advantage,” said Steve Waygood, chair of the CHRB Steering Committee and chief responsible investment officer at Aviva Investors. “At the moment, companies that are less accountable for their impacts on people are still able to raise capital at rates that don’t properly take these issues into account. We are seeking to change that.
“The CHRB Steering Committee has for the last two years been consulting a broad range of stakeholders to help us figure out a way to robustly, fairly and publicly measure companies’ policies and governance, systems and processes, and practices on human rights. When the results are published later this year, it will allow everyone to freely compare companies from different industries and see who’s more effective at ensuring their business doesn’t harm their workers or host communities.”
CHRB will be produced annually and expanded each year to cover additional industries, and will eventually include the top 500 globally listed companies, CHRB said.
The CHRB Steering Committee is comprised of Aviva Investors, Business & Human Rights Resource Centre (BHRRC), Calvert Investments, Institute for Human Rights and Business (IHRB), VBDO and Vigeo Eiris.
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