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.
