About This Report This report comes at a pivotal time for the global economy and the societies that drive and rely on it. Communities continue to battle the COVID-19 pandemic while confronting the resulting economic upheaval, a climate crisis, and geopolitical instability. This report reflects the need for urgent solutions and leadership to change the status quo and rebuild the global economy on a foundation of respect for human rights. The financial services industry—from asset owners and managers to commercial and investment banks—has a catalytic effect on the behavior of business and the economy. The vast range of financial products, services, and client relationships has enormous potential to transform the economy and put people’s lives and the health of the planet at the center. However, despite the need for this transformation, the financial services industry has been slow to recognize its responsibility to respect human rights under the UN Guiding Principles on Business and Human Rights (UNGPs) and is far from reaching its full potential. The recent release of UNGPs 10+: A Roadmap for the Next Decade of Business and Human Rights by the UN Working Group on Business and Human Rights serves as a call to action for the financial services industry to drive positive change. This report reinforces that call and provides guidance on how the industry can advance respect for human rights—from adapting core business and driving respect for human rights in financial markets to engaging with people affected by financial value chains and enabling access to remedy for victims of harm. Its goal is to grow awareness of a better approach to doing business and build capacity within the industry in order to create a global economy that works for people and planet. Acknowledgments This report was authored by Paloma Muñoz Quick, BSR Associate Director and Global Lead, Human Rights & Financial Services, and Kindra Mohr, Esq., BSR Manager, Financial Services. We are grateful for the valuable insights from our colleagues Dunstan Allison-Hope, David Korngold, and Jenny Vaughan, as well as feedback from external financial industry and civil society stakeholders. Design by Sunhee Choi, Creative Design Manager, BSR. 3 HUMAN RIGHTS ROADMAP FOR TRANSFORMING FINANCE