Assessing the Human Rights Impact of Sustainable Finance Instruments
PI: Stephen Park
The global capital markets—and, by extension, private issuers, investors, and other financial market participants—are expected to play a growing role in supporting the fulfillment of economic and social rights. A key challenge for the incorporation of human rights is determining how to measure, assess, and report on the human rights performance of a given financial instrument by a given issuer. This project addresses this challenge in the context of green bonds, social bonds, sustainability bonds, and similar fixed-income debt instruments that are used to finance projects with a specific social benefit (such as education, employment, housing, or healthcare). The use of proceeds of these financial products, as well as the process by which they are created, sold, traded, marketed, and applied, can be defined by reference to specific human rights. This project examines the use of metrics and indicators, reporting standards, due diligence, and third-party assessment for the purpose of evaluating regulatory approaches to innovation in finance and human rights.
September 20-21, 2018 | Finding the Human Face of Finance
- Keynote address by Amy Domini, Founder and Chair of Domini Impact Investments
- Text of Keynote Address "How Responsible Investors Have Enabled Business to be a Solution for Human Suffering"
- "Investors Won’t Tolerate Corporate Misdeeds, Inhumanity" (UConn Today | September 28, 2018)
In partnership with Center for Human Rights and Humanitarian Law at the Washington College of Law, American University and the Centre for Human Rights at the University of Pretoria, the Initative launched the Project on Public Finance and Human Rights.
Public events and related publications:
- Daniel D. Bradlow and Stephen Kim Park, "A Global Leviathan Emerges: The Federal Reserve, COVID-19, and International Law" (American Journal of International Law, 2020)
- Unavoidable Power and Unaccountable Impacts? The Roles and Responsibilities of Central Banks in Global Economic Governance, Webinar, October 22, 2020