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Human Rights

The Global Compact Compliance Service (GCCS) that has been developed by Sustainalytics is an example of one of these tools.  This identifies “the ‘worst of the worst’ companies based on compliance with the … UN Global Compact Principles”. These principles are derived from the Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development and the United Nations Conventions Against Corruption.

The ten principles include two on human rights; three on labour rights; two on the environment and one on anti-corruption. These will identify

  • Companies that have been involved in major controversies over discrimination against either direct employees or employees in the supply chain. Such discrimination may be based on a number of factors including, but not limited to, gender, racial group, ethnicity, religious belief, sexual orientation, disability, age, country of origin, or political affiliation.
  • Companies involved in major controversies over labour rights and/or working conditions at their operations. Examples may include poor labour standards, a poor health and safety record, evidence of the use of child or forced labour, a failure to respect the right to freedom of association, and/or poor union relations.
  • Companies involved in major controversies over labour rights and/or working conditions at their contractors or in their supply chain. Examples may include poor labour standards, a poor health and safety record, evidence of the use of child or forced labour, a failure to respect the right to freedom of association, and/or poor union relations.

We will avoid investing in companies that are identified as the worst performers by the GCCS.

In addition to the companies identified by the GCCS , the OIP pays special attention to jurisdictions that have been identified as having prolonged human rights abuses and where there is a high likelihood that companies operating in those countries may be complicit in human rights violations. 

The following countries have been identified as those with prolonged human rights abuses:

  • Central African Republic
  • Equatorial Guinea
  • Eritrea
  • North Korea
  • Saudi Arabia
  • Somalia
  • Sudan and South Sudan
  • Syria
  • Turkmenistan
  • Uzbekistan

We will avoid investing in companies that are identified as complicit in human rights violations through their operations or associations with the governments or para military groups in these jurisdictions.