MANAGING RESPONSIBLE BUSINESS

OUR HUMAN RIGHTS STATEMENT


We have created a statement detailing our approach to human rights. The statement includes our principles, scope and governance regarding human rights, and is supported by all wholly owned businesses, aiming to enable a positive future for all our stakeholders.

Human Rights Principles


Human rights are basic rights that form the foundation for freedom, justice and peace. We will not be complicit, either directly or indirectly in condoning human rights violations.

We take responsibility for the commitments we make, the actions we take as well as the outcomes of our activities.

  • We will seek to understand and manage appropriately the impacts that our business may have on the communities with which we interact, including human rights impacts
  • Wherever we operate we will seek to reflect human rights in our employment policies and practices
  • Wherever we operate we will instill a culture of anti-corruption
  • We will consider material human rights issues in our investment management practises as part of our environmental, social and governance screening in a manner that is consistent with client mandates, local business requirements and applicable regulations
  • For all substantial loans to finance public or private sector projects, we will review corporations or governments for potential human rights impacts as part of the assessment and investment sanctioning process
  • We will consider the business practices of significant partners (including suppliers and customers) with regard to human rights standards and integrate these standards into our contractual relationships with them
  • For all substantial loans to finance public or private sector projects, we will review corporations or governments for potential human rights impacts as part of the assessment and investment sanctioning process
  • We will work with clients and suppliers to implement human rights best practice Where we discover, or are made aware, that we have been associated with human rights violations we shall take steps to remedy the situation, taking account of the interests of those whose rights are being violated.

Governance and monitoring of human rights


Maintaining the highest ethical standards and protecting human rights is the responsibility of every employee of Old Mutual. We have a network of people across the organisation who manage and monitor our performance as a responsible business, including human rights as well as other social and environmental issues. Each business unit also has named a senior level executive with overall responsibility for these matters. This is overseen by the Head of Responsible Business and our Responsible Business Committee, who co-ordinate our management approach and information flow in relation to social and environmental risks.

Our Chief Executive Officer holds overall responsibility for Old Mutual operating in a responsible manner that respects and protects human rights.

Contacting us on Human Rights


If you have any questions on our approach to human rights please contact us at responsiblebusiness@oldmutual.com

Our Human Rights Statement is guided by


The following legislation and industry codes:

  • United Nations Guiding Principles on business and human rights
  • International Bill of Human Rights
  • United Nations Universal Declaration on Human Rights
  • United Nations Global Compact
  • Organisations for Economic Co-operation and Development Guidelines for Multinational Enterprises
  • International Labour Organisation (ILO) Core Conventions
  • United Nations Principles for Responsible Investment (UNPRI)
  • The Code of Responsible Investing in South Africa (CRISA)
  • Regulation 28 of the Pension Funds Act
  • The Financial Sector Charter (FSC)
  • King IV Code of Corporate Governance
  • Equator Principles
  • SEMS
  • International Finance Corporation (IFC)
  • Global Reporting Initiative (GRI)

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