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Just as for all businesses, institutional investors have a responsibility to respect human rights. This responsibility was formalised by the UN and the OECD in 2011, and since then expectations – from employees, beneficiaries, clients, governments and wider society – have only increased.
The PRI will be affording its work on human rights equal strategic priority to its work on climate change. Therefore, identifying and sharing examples of leading practices around investors challenges, opportunities and responsibilities in relation to human rights will be a significant priority of the programme of work.
Institutional investors are increasingly realising that income inequality – the gap in income and wealth between the very affluent and the rest of society – has become one of the most noteworthy socio-economic issues of our time.