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🗞️ Driving the news: A coalition of institutional investors under the Investor Initiative on Human Rights Data (II‑HRD) is preparing to launch a set of principles focused on how ESG data providers and proxy advisors assess and respond to corporate human rights violations
• The forthcoming "norms-breach" framework is now in its fifth draft and undergoing final consultation before its public release
🔭 The context: Established in 2023 and supported by investors such as the Church Commissioners for England, Aviva Investors, and Scottish Widows, II‑HRD aims to improve the quality, consistency, and availability of human rights data across investment decision-making
• The initiative builds on sustained engagement with eight leading data providers and proxy firms—such as MSCI, Sustainalytics, ISS, and Bloomberg—to align methodologies and improve transparency around corporate conduct and accountability
🌍 Why it matters for the planet: High-quality human rights data is essential for investors to evaluate corporate responsibility, comply with global standards like the UN Guiding Principles on Business and Human Rights, and identify systemic social risks
• By standardising how “norms breaches” are tracked and disclosed, the initiative helps reinforce investor pressure on companies to respect human rights across global supply chains—ultimately supporting more ethical, equitable, and sustainable markets.
⏭️ What's next: The final principles will soon be published, with investors invited to join the initiative either as Members (committing to use and promote the framework) or Endorsers (publicly supporting its adoption)
• Following publication, II‑HRD members will engage directly with data providers to integrate the principles into ESG assessments and proxy voting advice
• The initiative will also release guidance for applying these standards in investment stewardship and corporate engagement
💬 One quote: “We expect companies that we invest in to respect human rights. […] But without the right data, for the right companies, it is hard for investors to hold companies accountable,” – Dan Neale, Social Lead, Church Commissioners for England
📈 One stat: The II‑HRD initiative initially focused its efforts on eight key ESG and proxy data providers, forming the backbone of corporate human rights analysis in global capital markets
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