Calvert Supports Bill to Eliminate Human Rights Risks Within Corporate Supply Chains
Calvert plays a key role in drafting a joint ICCR/US SIF letter to House leadership.
On January 26, 2012, the Interfaith Center on Corporate Responsibility (ICCR) and the Forum for Sustainable and Responsible Investment submitted a joint letter—on behalf of 80 signatories representing $42 billion in assets under management— to Rep. John Boehner, Speaker of the House of Representatives, and Rep. Eric Cantor, House Majority Leader, in support of the Business Transparency on Trafficking and Slavery Act (H.R. 2759). As a signatory, Calvert is calling on the House Leadership to bring the bill before a full House vote. According to Mike Lombardo, Senior Sustainability Analyst and Manager at Calvert Investments, "we believe the proposed legislation is aligned with sound corporate transparency and the information will help investors more clearly understand how companies are managing human rights risks within their supply chains."
H.R. 2759 would require all companies to publicly report existing policies and management systems designed to address human trafficking, slavery and other forms of human rights abuses within their supply chains to the Securities and Exchange Commission. This would build upon the recently enacted California Transparency in Supply Chain Act (SB 657), which now requires manufacturers and retailers doing business in California to disclose on their corporate websites their efforts to eliminate slavery and human trafficking from their direct supply chains.
Companies are urged to utilize Effective Supply Chain Accountability: Investor Guidance on Implementation of The California Transparency in Supply Chains Law and Beyond, a recent corporate guide co-authored by Calvert.
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