Investor HREDD Precision Tools
The Investor HREDD (Human Rights and Environmental Due Diligence) Precision Tools website was launched in July 2024, developed with input from the Investor Alliance and ICCR in collaboration with Rights CoLab, EIRIS Foundation, ESG Inteligente, Principles for Responsible Investments, Responsible Contracting Project, and Workforce Disclosure Initiative.
Created for and with investors, the featured tools are designed to equip them to evaluate the quality of portfolio companies' HREDD processes, an essential measure of a company's risk exposure. Each tool addresses a pain point - and a point of leverage - in HREDD including:
1. Certifications Red Flags (Beta Version), developed by Rights CoLab
2. Investor Guidance on Responsible Contracting, developed by the Responsible Contracting Project and Interfaith Center on Corporate Responsibility (ICCR).
Additional tools and features will be made available for investors including interactive Learning and Feedback sessions with investors to further test and refine the tools.