The Sustainability Brief
In this episode, Aleksandra Lasota interviews Joanne Bauer about her report A Roadmap for Integrating Human Rights into ISSB Standards [https://rightscolab.org/a-roadmap-for-integrating-human-rights-due-diligence-into-issb-standards/] on integrating human rights into the ISSB standards. They discuss the increasing trend of risk-based divestments, the importance of human rights due diligence, and the challenges of aligning ISSB standards with human rights metrics. The conversation highlights the financial materiality of human rights issues and the need for interoperability between different sustainability frameworks. Takeaways * Risk-based divestments have increased significantly since 2012. * Human rights due diligence is essential for identifying financial risks. * The ISSB aims to create a universal standard for sustainability disclosures. * Stakeholder engagement is crucial for effective human rights assessments. * Financial materiality is a key concern for investors in sustainability. * The integration of human rights into ISSB standards is still a work in progress. * Companies must assess human rights risks throughout their value chain. * Interoperability between sustainability standards is increasingly important. * Human rights impacts can have significant financial implications for companies. * Tools for human rights due diligence are emerging to aid investors. Chapters 00:00 The Rise of Risk-Based Divestments 02:57 Joanne Bauer's Journey in Human Rights and Sustainability 05:47 Integrating Human Rights into ISSB Standards 08:52 The Financial Materiality of Human Rights Due Diligence 11:37 Challenges in Current ISSB Standards 14:55 The Need for Comprehensive Human Rights Policies 18:00 Bridging Environmental and Social Due Diligence Joanne Bauer is a Cofounder of Rights CoLab and Adjunct Professor of International Affairs at Columbia University where she teaches Corporations and Human Rights. At Rights CoLab she leads initiatives on better integrating human rights into sustainability standards and providing other tools and guidance to make investors better stewards of human rights. She is also a Cofounder of the Taskforce on Inequality- and Social-related Financial Disclosures (TISFD), one of several incubated Rights CoLab projects to develop rights-based solutions to systemic problems. She has directed the Business and Human Rights Program at the Institute for the Study of Human Rights at Columbia, cofounded the Teaching Business and Human Rights Forum, a global initiative involving about 400 professors of business and human rights in nearly 40 countries, and was the Director of Studies at the Carnegie Council for Ethics in International Affairs. She is the author of numerous articles and blog posts and two edited volumes, East Asian Challenge for Human Rights (Cambridge University Press,1999) and Forging Environmentalism: Justice, Livelihoods, and Contest Environments (Routledge, 2006),
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