Our work

We seek to provide various stakeholders from the financial sector with our broad knowledge on how they can use their power to protect, respect and promote human rights. FaHR works around 3 core pillars: Research, Networking, and Professional Development.

With our offered services within research, networking and professional development, we provide a collaborative platform that promotes future-oriented financial development consistent with human rights.

NEW: Input to consultation on EU Sustainable Corporate Governance Initiative – On Monday, 8 February 2021, we responded to Section III „Due diligence duty“ of the European Commission’s consultation on the sustainable corporate governance initiative. This consultation aims to receive input from all stakeholders on how to draft the EU legislation on mandatory human rights and environmental due diligence for companies (incl. the financial sector). Find our response here.


FaHR provides a platform for debates on current trends and gives updates on the latest research and developments around the topic of sustainable finance.

Our recent research work:

Sustainable finance and human rights: How are European financial institutions addressing human rights in their activities?
In partnership with the Geneva Center for Business and Human Rights (GCBHR), conducted a baseline study commissioned by Luxembourg for Finance (LFF) on how human rights aspects are currently being integrated into the core activities of European financial institutions. We find, among others, that human rights are considered a key topic linked to financial institutions’ fiduciary duty, risk mitigation and creation of opportunities for financial performance, and that a clearer understanding of expectations towards financial institutions is need.

Find the recording of the webinar with the presentation of the results and recommendations here:

Webinar 11 November 2020

Labelling for Financial Products – How to integrate human rights
Respecting human rights is a core element of any economic activity framed as sustainable or responsible. We advocate that labels need to integrate human rights and propose a set of criteria aligned with the United Nations Guiding Principles on Business and Human Rights (UNGPs). This framework allows labels to assess respect for human rights by looking at the business adhesion to the UNGPs.

Finance & Human Rights – Regulatory overview
This short paper is intended as a general overview of the development of different legislations and frameworks that apply in the area of finance and human rights, underlining key aspects. It comprises EU regulation (in force and upcoming); national regulations and developments in Europe and, finally, voluntary frameworks. 

Human Rights & Finance – What clients want, regulators expect, and investors should consider
In this paper, the regulatory aspects linked to human rights in investments by financial service entities, including latest legal development and expectations for various stakeholders, are discussed. The paper finally provides practical recommendations on how to integrate human rights into the investment decision-making process aligned with the UNGPs.

Sustainable Finance – Bringing the ‚S‘ into focus: The Equator Principles 4
This paper sets out the proposed and adopted changes in the Equator Principles (“EPs”) after their fourth iteration with a specific focus on human rights. It addresses the human rights concerns articulated by civil society and how financiers can take the lead and go beyond EP4.
This paper was written by Astrea Milne for FaHR. She is a banking and finance lawyer with expertise in business & human rights, ESG and the financial sector.


By creating a network of experts from the financial industry, civil society, academia and the public sector, FaHR strives to move forward human rights within the sustainable finance agenda. FaHR also does advocacy work by e.g. responding to public consultations on legislative initiatives concerning sustainable finance and business & human rights.

For instance, we responded to Section III „Due diligence duty“ of the EU consultation on the sustainable corporate governance initiative. Find our response here.

We actively collaborate with public and private stakeholders in Luxembourg concerning the design of the second Luxembourg National Action Plan “Business and Human Rights” and the discussions around a voluntary or legislative “devoir de vigilance” at national or EU level.


Taking into account human rights in sustainable finance creates a great economic opportunity for financial service entities. Yet, it can be a complex process. As expert speakers at events and by offering trainings and workshops, FaHR shares its expert knowledge with various stakeholders from the financial sector in order to help them grasp the dynamics of human rights in a finance and corporate context.

Sign up to one of our training sessions on Sustainable Finance and Human Rights at the House of Training in Luxembourg. It is hosted in collaboration with the ABBL (The Luxembourg Bankers‘ Association) and you will learn about the opportunities posed by integrating human rights into daily business practices, risks by failing to incorporate human rights, and how to proceed when integrating human rights considerations into financial decisions. Click here to book a training session or contact us for in-house trainings.

FaHR in the media

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Finances et droits de l’homme – Devoir de vigilance, Lëtzebuerger Land
Greta, Oma und der Autokrat: Luxemburgs lascher Umgang mit Finanzethik, Tageblatt Lëtzebuerg
Placing human rights into sustainable finance agenda, Delano
Nohaltege Label wëll Virreideroll spillen, RTL Lëtzebuerg
Business a Mënscherechter, Radio 100,7
„Ein neues Wertebewusstsein“, Lëtzebuerger Journal

Markus Löning at the 2nd Sustainable Finance Forum in Luxembourg
Copyright © 2019 Luxembourg for Finance
Charles Muller in an interview with RTL Luxemburg in February 2019