Implications of UNGPs 13b and 17 in a corporate and investment banking context

Who’s behind it? – Thun Group of Banks (2017)

How can it help? – This paper provides a conceptual framework to help consider the meaning and reach of UNGP 13b for banks in a corporate and investment banking context, i.e. situations where banks may be directly linked to negative human rights impacts. It introduces the concepts of “proximity to an impact” indicating the “degree of directness” of linkage between the impact and the product and service offered by the bank, and the “unit of analysis as means to inform the focus of a bank’s due diligence. The paper also uses case studies to illustrate under which circumstances direct linkage may exist.