Double Materiality for Financial Institutions

Authors

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  Kindra Mohr

  Associate Director, Financial Services and Human Rights, BSR

  

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  Kindra Mohr

  Associate Director, Financial Services and Human Rights, BSR

  

  New York

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  Bringing her expertise as a business and human rights attorney, Kindra leads BSR's work at the intersection of finance and human rights. 

  Kindra has nearly 15 years of experience in advancing human rights, social and environmental sustainability, and access to remedy within the financial sector. She advises financial institutions and their corporate clients and investees on innovative solutions to prevent and address human rights risks and impacts on the ground, including through stakeholder engagement and the development of grievance mechanisms. 

  Previously, Kindra consulted for the International Finance Corporation and worked with clients at PwC to integrate best practices into their corporate governance frameworks. She also worked for the US Senate and served for five years as the Policy Director for a global nonprofit, advocating with communities for environmental and social protections and access to remedy in international finance. In addition, Kindra has lived and worked for nonprofits in Argentina, Haiti, and Peru on access to justice and corporate accountability.    

  Kindra obtained her law degree at Boston College and holds a MA in International Economics and International Relations from the Johns Hopkins School of Advanced International Studies (SAIS). She completed her undergraduate studies at the University of Wisconsin-Madison.

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  Recent Insights From Kindra Mohr

  • The CSDDD: Implications for the Finance Industry / September 4, 2024 / Blog
  • Close the Remedy Gap / February 12, 2024 / News
  • A Human Rights Approach in Impact Investing / January 11, 2023 / News
  • Double Materiality for Financial Institutions / December 14, 2022 / Reports
  • Transforming Finance: Priorities for Progress in Advancing Respect for Human Rights / April 21, 2022 / Blog

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• Mariana Riquelme

  Former Manager, Energy, Extractives, and ESG, BSR

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  Paloma Muñoz Quick

  Director, Human Rights Standards, BSR

  

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  Paloma Muñoz Quick

  Director, Human Rights Standards, BSR

  

  New York

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  Paloma leads BSR’s work on Human Rights Standards, including standard-setting, knowledge management, and helping companies respond to emerging standards and regulation. She is also Senior Advisor to BSR’s Finance & Human Rights Practice.

  Prior to joining BSR, Paloma was Advisor to the UN Working Group on Business and Human Rights and Senior Consultant of the UN B-Tech Project, where she developed a vision for promoting the uptake of the UN Guiding Principles on Business and Human Rights among investors and guidance on responsible investment in digital technologies. Prior to the UN, Paloma launched and led the Investor Alliance for Human Rights, where she developed thought leadership on the investor responsibility to respect human rights and supported stewardship engagements across industries. She also worked at the Danish Institute for Human Rights advising companies, governments, and civil society on business and human rights.

  Paloma is a member of the US government’s Advisory Committee on Responsible Business Conduct. She sits on the Editorial Board of Developments in the Field of the Business and Human Rights Journal of Cambridge University.

  She holds a Master of International Affairs (M.I.A.) in Human Rights from the School of International and Public Affairs at Columbia University and a B.A. in Political Science, also from Columbia University. 

  Paloma is Chilean-American and is fluent in English, Spanish, and Portuguese.

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  Recent Insights From Paloma Muñoz Quick

  • Sustainability Strategy in the Age of Regulation: Don’t Lose the Plot / October 3, 2024 / Blog
  • CSDDD: A De Facto Climate Due Diligence Law That Safeguards People / September 23, 2024 / Blog
  • The CSDDD: Implications for the Finance Industry / September 4, 2024 / Blog
  • How Financial Institutions Can Manage Reduction of US Reproductive and LGBTQI+ Rights / July 9, 2024 / Blog
  • New Report: How Financial Services Firms Can Manage Risks from Criminalization of Abortion, LGBTQI+ Healthcare, and Respect Human Rights / June 20, 2024 / News

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In the face of emerging regulatory requirements related to environmental, social, and governance (ESG) disclosure and pressure from a wide range of stakeholders, the financial services industry is now looking closer at how to best identify and address the material risks and impacts of their operations and value chains. This is a marked difference from previous ESG materiality approaches, which largely focus on financial risks to the business alone.

Explore our survey on types of materiality approaches currently in use, periodicity and sources of assessments, and priority ESG issues now and in the future.