Annual Report 2018 | September 2019

Enabling Remediation Working Group

Amongst other things, the working group focused on the question of when a bank is deemed to be ‘linked to’, ‘contributing to’ or ‘causing’ adverse human rights impacts through their financing activities, and what they can do about it. As this has been a topic of debate at an international level, there was interest in the working group’s findings, which were published in its report of May 2019. This saw opportunities for banks to strengthen the focus on remedy in practice, whether in contribution or linkage situations. The working group hopes the report will have a positive influence on the international debate on the topic of remedy and banks. 

In the coming months, the Steering Committee will advise the adhering banks on implementation of the report’s findings.