The proposed CBIRC regulation amends and replaces the Interim Regulations on Insurance Asset Management Companies, issued in 2004. It steps up the reform and opens up the financial sector while taking into account the challenges and development…
This investor and company statement calls on EU policymakers to include robust stakeholder engagement provisions in any EU proposal mandating due diligence. Meaningful and safe stakeholder engagement, including with human rights defenders, is key to context-sensitive due diligence that delivers tangible delivers improvements for rightsholders.
The protection of civic freedoms and respect for the rule of law are vitally important for both civil society and business. Free, open societies enable well-functioning markets, stable financial systems, and good governance. In contrast, efforts to limit civil society and civic freedoms undermine open societies, foster corruption, limit competition, critical thought and innovation. By recognizing the value of early and constructive engagement with stakeholders, businesses including investors can also avoid significant problems and costs down the line. When defenders are under attack, so are sustainable business practices.