Publication
La Cour suprême du Canada tranche : les cadres ne pourront se syndiquer au Québec
Le 19 avril dernier, la Cour suprême du Canada a rendu une décision fort attendue en matière de syndicalisation des cadres.
Mondial | Publication | décembre 2021
In a world first, Australia’s ANZ Bank has adopted a Human Rights Grievance Mechanism to evaluate complaints of adverse human rights impacts associated with its institutional or corporate lending customers.
The OECD Guidelines expect companies to comply with the UN Guiding Principles on Business and Human Rights. This includes conducting due diligence informed by guidance issued by the OECD Secretariat including (for financial institutions): the Due Diligence for Responsible Corporate Lending and Securities Underwriting (2019), Due Diligence Guidance for Responsible Business Conduct (2018), and Responsible Business Conduct for Institutional Investors (2017).
“Remedy” is a core pillar of the UN Guiding Principles, endorsed by the UN Human Rights Council ten years ago. The UN Guiding Principles recognise that businesses have a responsibility to “establish or participate in effective operational-level grievance mechanisms for individuals and communities who may be adversely impacted” by their operations, so that grievances can be “addressed early and remediated directly” (Principle 29).
ANZ’s Human Rights Grievance Mechanism will accept complaints that meet key criteria, including:
Importantly, the Mechanism will only accept a human rights complaint about a customer where the customer has consented to ANZ disclosing the existence of the lending relationship. ANZ has stated that it “expects” its customers to consent to this disclosure and subsequently to participate in the Mechanism’s processes. The bank has indicated that it will engage with its customers and try to use leverage to encourage them to meet obligations under the UN Guiding Principles.
Possible outcomes under the Mechanism include dialogue between the affected people, the customer and ANZ; ANZ contribution to remedy; use of leverage by ANZ to encourage the customer to meet their commitments under the UN Guiding Principles; and recommendations for improvements to ANZ policy and process to reduce the risk of any impacts happening again.
In developing its mechanism, ANZ undertook an 18-month consultation with human rights advocacy organisations and civil society groups on the development of the Mechanism, through an external multi-stakeholder working group.
With this year marking the ten-year anniversary of the adoption of the UN Guiding Principles, momentum is building for businesses, including major financial institutions, to take action to comply with the Principles – not only through statements of endorsement, but by designing and adopting meaningful remedy frameworks.
The UN Office of the High Commissioner for Human Rights (OHCHR) confirmed in August this year that financial institutions have responsibilities under the UN Guiding Principles including when acting as custodian or nominee shareholder. The OHCHR emphasised that where human rights risks or adverse impacts are identified through nominee shareholders’ due diligence, they are “expected to use and build their leverage” to effect change.
The OHCHR noted that where human rights risks and adverse impacts connected to a financial institution’s activities, products and services are severe, the UN Guiding Principles expect the institution to formally report on how they address them. Disclosure must be sufficient to provide “transparency and accountability” for rights-holders.
The launch of the ANZ Human Rights Grievance Mechanism marks an important step forward, by a major commercial bank, in enhancing the transparency and accountability around businesses’ responsibilities to respect human rights and provide access to effective grievance mechanisms for business-related human rights harms. The bank’s commitment to publish and report on the outcomes of the Mechanism is significant, as it will provide an avenue for assessment of the Mechanism’s efficacy.
Developments like these are key steps towards businesses, including global financial institutions, taking concrete actions to make good on their commitments to the UN Guiding Principles.
Publication
Le 19 avril dernier, la Cour suprême du Canada a rendu une décision fort attendue en matière de syndicalisation des cadres.
Publication
Le budget 2024 propose d’élargir la portée de certains pouvoirs permettant à l’ARC de demander des renseignements aux contribuables tout en prévoyant de nouvelles conséquences pour les contribuables contrevenants.
Publication
L'impôt minimum de remplacement (IMR) est un impôt sur le revenu additionnel prévu dans la Loi de l’impôt sur le revenu (Canada) (la « Loi ») auquel sont assujettis les particuliers et certaines fiducies qui pourraient autrement avoir recours à certaines déductions et exemptions et à certains crédits pour réduire leur impôt sur le revenu fédéral canadien régulier.
Abonnez-vous et restez à l’affût des nouvelles juridiques, informations et événements les plus récents...
© Norton Rose Fulbright LLP 2023