Smart financial actors recognize that any association with harmful practices that either actively or passively undermine human rights is not worth the cost. Some investors have publicly stated that the risk management framework set out by the UNGPs—human rights due diligence—is key for managing risks to business, including operational delays, reputational harm, financial loss, and legal liabilities of portfolio companies and clients. They have also called on governments to help level the playing field by making due diligence mandatory for all companies. Respecting human rights also offers opportunities for increasing business success, not just reducing risks. For example, reports have demonstrated that businesses with human rights due diligence procedures in place were able to react more effectively to the COVID-19 crisis. By providing decent work in line with the standards set out by the International Labour Organization (ILO), companies can also enhance the well-being of employees and become competitive employers. Our research shows that companies who forged strong bonds with their employees have seen lower levels of turnover and higher returns through the pandemic. Larry Fink, BlackRock, 2022 letter to CEOs 11 HUMAN RIGHTS ROADMAP FOR TRANSFORMING FINANCE