Oxfam in Indonesia (Oxfam), International NGOs Forum on Indonesian Development (INFID) and Indonesia Global Compact Network (IGCN) are in collaboration to run European Union (EU) funded program titled “Walking the Talk: Promoting Accountable Business through Advancement of United Nations Guiding Principles on Business and Human Rights (UNGPs) Implementation in Indonesia”. This 3 (three) years program aims at:
IGCN carries out three main activities; (i) training to managerial level of private sectors, (ii) conducting quarterly multi-stakeholders dialogue and (iii) setting up Business and Human Rights Helpdesk. In this context, multi-stakeholders dialogue will be facilitated by Business & Human Rights Working Group (B&HRWG) that includes private sectors, CSO, and government. These activities aims at creating space for multi-stakeholders dialogue, knowledge & experience sharing, and possibility forming collaboration among stakeholders.
Previously, IGCN held five Multi-stakeholders Dialogue on Business & Human Rights:
OXFAM, IGCN, and INFID are collaboratively working with Perkumpulan Prakarsa and ResponsiBank to conduct this dialogue. Perkumpulan Prakarsa, have initiated ResponsiBank Indonesia coalition supported by WALHI (Friends of the Earth Indonesia), YLKI (Indonesian Consumers Foundation, ICW (Indonesian Corruption Watch), INFID (International NGOs Forum on Indonesian Develpoment), PWYP (Publish What You Pay) Indonesia, TuK (Transformation for Justice), Lokataru, and INDIES (The Institute for National and Democratic Studies) to promote sustainable and responsible policies and practices within Indonesian financial sectors.
Today, human rights standards are progressively being integrated into global policy documents, national development policies, UN Development Assistance Frameworks and international development planning. However, limited awareness among State actors about how human rights standards apply in the economic sphere continues to impede integration. While it is the primary duty of governments to protect, respect, and fulfil human rights, bussiness can and should do their part. At this point, it is also important to shed more light on the banking sector’s responsibilities for social and environmental impacts of its lending and investment activities, and to ensure that bussiness practices are being held in responsible and sustainable manner.
In order to create a legal framework which specifically binds all actors operating within the financial services sector to the principle of sustainability, Indonesian Financial Service Authority (OJK) set out OJK regulation No. 51/POJK.03/2017 on the Application of Sustainable Finance for Financial Service Institutions, Issuers, and Public Companies. Eventhough there is still a room for improvement, this policy intervention is an important step in moving the financial system along the path toward sustainability.
"Business & Human Rights and Responsible Investment"
Day and Date
Wednesday, 13 December 2017
09.00 AM - 12.00 PM WIB (registration starts at 8.30 AM)
RSVP/Contact Person: Alysa, email@example.com