Spain

III. Areas of Actions and Measures

Pillar I. The State Duty to Protect Human Rights

Operational Principles [pages 17-18]

Guiding Principle 4

In this context, it should be recalled that Spain supports the OECD Council Recommendation on common approaches for export credits which benefit from official support and social and environmental due diligence.

Measures

1. Within one year after the approval of this Plan, a Working Group will be created within the framework of the Strategic Plan for the Internationalization of the Spanish Economy, which will develop a specific Action Plan to examine the coherence of policies to support business internationalization, and its alignment with the Guiding Principles. The Working Group, which will present its conclusions to the Government, will study how cooperation for development, official credit agencies, export credit and official insurance or investment guarantee agencies of all administrations are able to condition, modulate or revise its support for investment based on the exercise of the responsibility to respect human rights by the beneficiary companies, both inside and outside of Spanish territory.
2. The Government will carry out an raising-awareness and training campaign on the Guiding Principles directed at all government departments and agencies, and other state institutions that support the internationalization of the Spanish companies.
3. Regarding public sector companies, the Government will promote the principles of Socially Responsible Investment, and must value this investment, in particular, from the perspective of respect for human rights, both within and outside Spanish territory.
4. The Government will support the inclusion of human rights considerations in financial institutions for regional and international development.