The PRI and BIICL publish summary of discussions on PE and human rights due diligence
The PRI and the British Institute of International and Comparative Law (BIICL) convened a workshop to explore the implications of expectations (if any) on human rights due diligence (HRDD) by private equity investors, firms and/or their portfolio companies, and to discuss what guidance or direction might be needed.
The workshop, which took place in June, was attended by Limited Partner and General Partner representatives, as well as the OECD, the Institute for Human Rights and Business (IHRB) and Shift.
The discussions summarised in the document can be viewed here and touch on:
- What is the responsibility of PE investors for human rights impacts?
- What is the value of HRDD for PE?
- The considerations, constraints and potential for HRDD in private equity
The paper is an exploratory initiative and is not intended to serve as comprehensive guidance on implementing HRDD in private equity investment processes. For further reading, see the human rights briefing note in the CDC ESG Toolkit for Fund Managers and the Business and Human Rights Resource Centre.