At the end of 2016 the boycott of Ameriabank started in Armenia because of the contract signed between the bank and Lydian Armenia for providing the latter with a loan of 24 million USD to purchase equipment for construction of the gold mine and heap leach facility in Amulsar. This was particularly enraging since this is one of those banks in Armenia that presents itself as a green bank, while two of its boarding members are actively involved in charity and development projects in Armenia.
As the boycott was becoming more popular, the employees of the bank started a self-defense. They argued that World Bank’s (WB) private-lending arm International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) do not distribute loans to everyone, and if this project received the support of these institutions, then it is a trustworthy project. They insisted on this on the Facebook rating page of the bank (as the rating of the bank was going down), as well as during individual meetings with some of the dissatisfied customers. (more…)
When was the last time you – voluntarily – tried something new which looked complex to your mind and unpredictable in its consequences? Usually, we overcome our doubts and fears once it is established that trying a new action will have benefits. This post presents three reasons why human rights due diligence is beneficial for companies. (more…)
Human rights due diligence (HRDD for fans) is the core instrument to fulfil the corporate responsibility to respect human rights. This responsibility is stipulated in Pillar II of the UN Guiding Principles on Business and Human Rights (UNGPs). This post gives you a short introduction with some signposts for detailed information at the end.
If you want to surprise people working on business and human rights in Scandinavia, the Netherlands, the UK or the US, introduce them to the current state of business and human rights in Germany. Or, even better: show them the absence of human rights thinking in the mainstream German Corporate Social Responsibility (CSR) dialogue. These encounters at the UN Forum on Business and Human Rights (UNBHR) in Geneva showed me that a post on this issue could interest some of our readers. I am a personal advocate of “you only gain the right to complain if you help solve the problem”. Consequently, this post presents you with my vision for corporate human rights responsibility in Germany.