Dutch Banking Sector Agreement
While financing the Dutch and foreign clients, banks can possibly get involved with human rights violations. Therefore, for a long time, (business) clients and their business chains have been under increasing scrutiny to get an insight on possible (risks on) abuses. Banks can have a big rol in protecting human rights by using their influence on business partners. They are able to contribute to make childlabour and forced labour disappear from their production chain.This way banks adapt an active rol in addressing abuses concerning their clients or in their supply chains. With the IRBC Dutch Banking Sector Agreement, banks have agreed on the concrete implementation of the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises.
- Start: The 28th of October 2016
- Duration: Until the 31th of December 2020
- Stakeholders: Initially 13 Dutch banks, the Dutch Banking Association (NVB), two trade unions, three NGO's and the Dutch government. Take a look at the current list
- Secretary: The Social Economic Council (SER)
- Main goals CNV: Participation in the steering committee and participation in the working group Matrix en Supply Chain
More information on the Dutch IRBC agreements