Malaysia-1st- mandatory human rights due diligence

THEMATIC PRIORITY 1: GOVERNANCE

UNGP PILLAR 1

HUMAN RIGHTS OBLIGATIONS

No.: G1.30

Action: Assess the feasibility of the adoption of mandatory human rights and environmental due diligence (mHREDD) by businesses of difference sectors and sizes and clarify how due diligence is applied.

Output Indicator(s):

  • Evidence, insights and recommendations are developed on the applicability of mHREDD using a phased approach, starting with high-risk sectors (i.e. energy, carbon and extractives, agrobusiness and plantations, mining, construction and manufacturing) then extending to all sectors.

Collaborative Partner(s): BHEUU

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