Latin American banks are meeting fewer than half of their responsibilities under the UN Guiding Principles on Business and Human Rights, said non-profit BankTrack in its Human Rights Benchmark Latin America report, published this week.
BankTrack assessed 17 banks against 14 criteria across four main topics: policy commitment, human rights due diligence process, reporting on human rights, and remedy. For each criterion, each bank received a score of 0, 0.5 or 1, with a maximum achievable score of 14. The assessment found the highest scoring bank, BBVA México, achieved only 7 points.
