Malaysia-1st-Finance and banking sector

THEMATIC PRIORITY 1: GOVERNANCE

UNGP PILLAR 1

HUMAN RIGHTS OBLIGATIONS

No.: G1.31

Action: Institutionalise human rights as a key requirement for banks, investment firms, lenders and other financial institutions through the implementation of HREDD

Output Indicator(s):

  • Inclusion of HREDD requirements in the regulatory framework for the financial sector.
  • HREDD guidelines for financial institutions are developed and disseminated.

Collaborative Partner(s): MOF; BNM

THEMATIC PRIORITY 1: GOVERNANCE

UNGP PILLAR 2

No.: G2.9

Action: Investors, development banks and lending institutions should define high-risk activities involving human rights risks and strongly encourage companies or project proponents to conduct HREDD and risk assessments before they invest in, or provide financing to, these enterprises.