The 'S' in ESG
One of our key areas of work revolves around advancing the ‘S’ in ESG, that is, how social factors are considered in investment decisions and businesses’ operations. In order to move towards a more sustainable economy, and world, addressing social factors and ensuring we are adequately measuring and accounting for them within investment decisions is crucial.
Our work to advance the ‘S’ in ESG is focussed around three specific areas and projects related to each of these. The first is our Social LobbyMap project, the second is business and human rights with the Corporate Human Rights Benchmark and the third is due diligence in relation to investing or operating in conflict-affected areas.
Social LobbyMap
We are delighted to have picked up an exciting new project to expand the ‘Lobby Map’ approach created by Influence Map to cover social issues. The project has the support of the Laudes Foundation and will build upon the work of Influence Map which identifies and publicises how companies and their trade associations are lobbying governments on climate related policy proposals. Find out more.
Benchmarking for Impact
We work with different partners to create public, transparent benchmarks that assess and rank corporate performance on human rights and related and intersecting topics. Benchmarking is a tool that can be used to tap into the competitive nature of the business and investment market to highlight good practices as well as shortcomings and inspire much needed change in the way businesses act.
More information about our work on benchmarking: Benchmarking for Impact
EIRIS Conflict Risk Network (CRN)
EIRIS Conflict Risk Network, an EIRIS Foundation initiative, is a U.S.-based organization whose purpose is to help investors and companies ensure that they are not exacerbating conflict but actively taking steps to support peace and stability.
EIRIS CRN seeks to empower institutional investors, financial service providers, and other engaged stakeholders by providing them with the tools needed to not only detect exposure to areas affected by conflict but also to work with companies to reduce risks relating to conflict through responsible corporate practices that support peace and stability. By operating as an intermediary between companies and concerned investors, EIRIS CRN is in a unique position to harnesses the collective weight of trillions of dollars in assets to incentivize companies with operations in areas affected by conflict to act upon their duties under respected international standards and ensure they are actively taking steps needed to ensure their operations support peace and stability. Though ambitious, through our work, and with the constant support of our engaged subscribers, we aim to reduce the devastating impact that war can have on local communities.
Submission to the UN Working Group on Business and Human Rights
Our response to the UN Working Group on Business and Human Rights call for input on business related human rights abuses in conflict-affected areas: read the full response.
World Benchmarking Alliance: The WBA seeks to generate a movement around increasing the private sector’s impact towards a sustainable future for all. In 2015, the United Nations developed 17 Sustainable Development Goals (SDGs) to help guide us. The WBA is now working to incentivise and accelerate companies’ efforts towards achieving these goals. The EIRIS Foundation is a WBA ally.