Palestinian human rights ESG Risk
From fragmented divestments in Northern Europe to ESG data providers removing Palestine-related human rights risks, the war in Gaza and the expansion of West Bank settlements are testing responsible investors like never before. This is a call to action for a Discussion Group on screening the Palestine-related human rights risks in ESG investments
The discussion group will analyse the reality around following question:
- Why Northern Europe leads while others stay silent
- How NGOs and activists are pushing pension funds
- And why ESG ratings are quietly rewriting the rules
The aim of this investor discussion group is to assess the materiality of Palestine-related human rights to investors and explore how investors can manage these potential risks within their investee companies at different stages of the respect of the UN Global Compact Principles. Specifically:
- Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights, and
- Principle 2: Businesses should make sure that they are not complicit in human rights abuses.
The investor discussion group will also be considering to publish a public position statement and launch a collaborative engagement on this issue.
See further details about this collaboration as follows:
- Organisation: the organisation promoting the collaboration is Sustainable Value Investors (SVI), a financial boutique fully dedicated to ESG analysis and advisory on behalf of investors, based in Italy, which is signatory of the PRI since 2014. Daniela Carosio, founder of SVI, has brought Etica SGR to sign the PRI in 2008 and since then she has been participating in collaborative engagements such as The Bangladesh Accord on Fire and Building Safety after the Rana Plaza collapse, The Investor Action on Tailings Dam Safety after the collapse of Brazil Brumadinho Dam and The Plastics Investor Working Group. Appointed in 2019 in the ICGN Ethics and Systemic Risk Committee and in 2021 in the EFRAG EWG on the EU Sustainability Reporting Standards. Member of the EFFAS ESG Commission since 2007.
- Confidentiality: the discussions held in this group will be confidential and held under the Chatham House rule to underline the importance of confidential investor-only spaces for this discussion group.
- Description privacy setting: the membership of the discussion group will not be made public. Visibility of the collaboration details and objectives is for those considering joining.
This investor discussion group will be established with the following objectives:
- To raise investor’s awareness and understanding of the impacts and risks surrounding the present Israel/Palestine-related human rights risks
- To explore the materiality of Israel/Palestine-related human rights risks to companies across the investment universe
- To provide input on resources developed to support investor understanding and engagement on Israel/Palestine-related human rights risks.
- To agree guidelines for ESG investors screening of the Israel/Palestinian risk and the reputation damage deriving from not screening this risk
- To consider to publish a public position statement and launch a collaborative engagement on this issue
- Social
- Human rights
- Financials
- 16 - Peace, justice & strong institutions
- Palestine, State of
- Corporate (financial)
- Corporate (non-financial)
- Sovereign/Supra/Agency (SSA)