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ARTICLE · 19 OCTOBER 2020

Asset Managers: Mastering Non-Financial Risk - The Evolution Of Human Rights Due Diligence

Mayer Brown
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Growing interest in sustainability topics and the concept of "stakeholder capitalism" is fuelling attention to human rights issues from regulators and market participants around the world.

GlobalWealth Management
Mark Uhrynuk
Mark Uhrynuk
Audrey L. Harris
Audrey L. Harris
Alexander W. Burdulia
Alexander W. Burdulia
Sam Eastwood
Sam Eastwood
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Growing interest in sustainability topics and the concept of "stakeholder capitalism" is fuelling attention to human rights issues from regulators and market participants around the world. These trends will increasingly impact the asset management industry in a variety of ways, including through the development of mandatory human rights due diligence (mHRDD) legal regimes.

Regulators are already encouraging or requiring human rights due diligence in various forms. Asset managers, particularly those with global footprints, and their compliance teams must be aware of existing legislation in this area and continue to monitor regulatory developments. This article explores the evolution of human rights due diligence and provides guidance on what asset managers can expect and how they can prepare and respond to future obligations regarding human rights and mHRDD.

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