Since the military seized power in February, companies in Myanmar have faced difficult decisions on how to respond and responsibly navigate the business and human rights challenges.
To support of Cadmos Peace Investment Fund portfolio companies, PeaceNexus convened two closed-door roundtable meetings to facilitate a dialogue around their shared challenges and offer relevant insights from credible local sources. In addition to encouraging responsible business conduct, the meetings highlighted the collective company statement to the coup facilitated by the Myanmar Centre for Responsible Business.
Following our roundtable discussions with Cadmos Peace Investment Fund portfolio companies on responsible business conduct, we have signed the the Investor Statement on Human Rights and Business Activities in Myanmar, led by Storebrand Asset Management, Investor Alliance for Human Rights, Domini Impact Investments LLC and Heartland Initiative, Inc.
In doing so, we join 77 asset managers representing 3+ trillion euros in capital in calling on companies to uphold their corporate responsibility and undertake enhanced due dilligence to address and prevent human rights harm in Myanmar. Read the statement here.
As the crisis unfolds, PeaceNexus will continue to engage businesses and investors navigating the changing operational environment and ensuring respect for human rights.