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EIRIS Foundation

Service Providers Framework 2019

You are in Active Ownership Services » Active ownership services

Active ownership services

AOS 01. Engagement and/or voting offerings

01.1. Indicate which active ownership services are part of your business offerings. Tick all that apply.

01.2. Indicate which markets your organisation covers.

01.3. Additional information [OPTIONAL]

          
        

AOS 02. Acquiring ESG data and information

02.1. Indicate where you acquire your ESG data and information.

02.2. Describe how this information is used in your product/service offerings.

          For researching companies as part of the Corporate Human Rights Benchmark, we collate the information from all the above mentioned sources to assess the company's compliance with human rights standards (although primary data has to be published by the Company through the CHRB portal if it has not previously been made publicly available). 

CHRB assesses serious allegations as well as Company policies, practices and other disclosures. This includes information from Reprisk, Vigeo Eiris and the Business and Human Rights Resource Centre. 

All of this information is assessed to provide an initial Rating for the company who are then invited to engage with the project to clarify their score and decide whether to take further steps to enhance their business and human rights practices (including further disclosures) before their final score is calculated and they are ranked against the other 100 extractive, apparel or food and agriculture related companies in the benchmark. 

Since the project is driven by an alliance of investors (Aviva, ABP and Nordea particularly, but also VBDO, as well as supported by a wider group of investors concerned about human rights) alongside the Institute for Human Rights and Business & the Business and Human Rights Resource Centre the companies concerned see this as an investor focussed initiative with civil society support. 

A similar range of sources is used to draw together the data of companies operating in Crimea and Palestine for our Investment in Occupied Lands project, which is now reaching out to investors to engage with companies to press for human rights due diligence processes to be applied to these investments.
        

02.3. Additional information [OPTIONAL]

          
        

AOS 03. Identifying emerging ESG issues

03.1. Indicate whether you identify emerging ESG issues.

03.2. Describe how you identify emerging ESG issues.

          The application of the UN Guiding Principles on Business and Human Rights to the challenges facing business in the human rights field is an increasing area of focus, and driving this forward through competitive forces and rankings has been the mission of the Corporate Human Rights Benchmark, for which we are providing the research and engagement work. 

In relation to our project on Investment in Occupied Lands, this too is an emerging issue for a range of investors and the project has been financed by the Open Society Foundation to encourage consideration of the challenges involved and engage investors in that conversation by looking specifically at listed companies with links to either Crimea or Palestine. 

In both these cases we have identified emerging issue through stakeholder engagement. In the CHRB case initially with over 400 organisations and individuals to produce the 2016 Pilot benchmark, and repeated further consultation in multiple locations around the world in 2017. In the case of the IiOL project the engagement has been through a range of roundtables held in Geneva, London, New York and Boston in the autumn of 2017.
        

03.3. Describe some of the emerging ESG issues you have identified in this process.

          As well as a top level focus on the importance of business and human rights in general in the CHRB there are a range of specific emerging issues: payment of living wages; respect for human rights defenders; public commitment to remedy; disclosure of supply chains; and commitment to revenue transparency would be examples that have emerged from the stakeholder process.  

In relation to occupied territories the emerging issue has been how investors can apply the new OECD 2017 guidance on due diligence to these particular circumstances, and the approach we are exploring is whether engaging with companies to encourage them to undertake human rights due diligence in relation to these territories would be the best way for investors to engage upon these issues.
        

03.4. Additional information [OPTIONAL]

          
        

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