Investing in the laws of war: international humanitarian law and the financial sector

Investing in the laws of war: international humanitarian law and the financial sector

The international armed conflict between Russia and Ukraine has revealed a knowledge gap across the global financial sector regarding exposure to armed conflict, reiterating an already pressing need to deepen corporate understanding of international humanitarian law (IHL). Although there is mounting pressure on companies to conduct structured and informed heightened human rights due diligence when investing or doing business in conflict-affected contexts, more must be done to effectively embed IHL and conflict sensitivity into corporate policies and practices. In 2022, Australian Red Cross engaged Deloitte Australia to undertake a review of the extent to which the Australian financial sector incorporates IHL and conflict-related considerations in investment and operational decision-making. In this post, Australian Red Cross Legal Adviser, Fauve Kurnadi, and Australian lawyer, Adaena Sinclair-Blakemore, discuss some of the findings from this report, including risks and trends in the Australian financial sector and the growing relevance of IHL to financial institutions, as well as what certain actors like the Responsible Investment Association of Australasia are doing to address IHL knowledge and implementation gaps that exist across the sector.

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Episoder(305)

The humanitarian case for universalizing the Convention on Cluster Munitions

The humanitarian case for universalizing the Convention on Cluster Munitions

Cluster munitions cause harm both at the moment of attack and long after fighting has ended. By scattering submunitions across wide areas, often with high failure rates, they expose civilians to immed...

3 Sep 23min

Before the fighting begins: IHL and the location of military objectives

Before the fighting begins: IHL and the location of military objectives

International humanitarian law (IHL) is primarily associated with the conduct of hostilities and the protection of people during armed conflict. Yet some of the decisions that determine civilian risk ...

27 Aug 11min

Civilian protection has a dependency-chain problem

Civilian protection has a dependency-chain problem

Civilian protection is often assessed by whether a person has been warned, evacuated, registered, sheltered or reached with relief. For many persons with disabilities, each measure depends on a wider ...

20 Aug 21min

The machines must not choose who dies: a humanitarian case for disarming AI

The machines must not choose who dies: a humanitarian case for disarming AI

As states race to develop autonomous weapons systems, the effort to agree binding international rules on machine decisions over life and death has reached a critical moment. In this post, Eberechukwu...

13 Aug 18min

Memorializing IHL violations in the age of AI: opportunities and risks for transitional justice

Memorializing IHL violations in the age of AI: opportunities and risks for transitional justice

Memorialization, one of the five pillars of transitional justice, plays a vital role in preserving the memory of international humanitarian law (IHL) violations and gross human rights violations, supp...

23 Jul 17min

“A number that learned how not to scream”: the case for community-led metrics on protection

“A number that learned how not to scream”: the case for community-led metrics on protection

The international humanitarian system has built a sophisticated architecture for the protection of civilians, namely political resolutions, cluster coordination mechanisms, reporting frameworks, and a...

7 Jul 15min

Amplifying Pacific voices: the region’s crucial role in advancing IHL

Amplifying Pacific voices: the region’s crucial role in advancing IHL

Pacific Island states have long demonstrated leadership in promoting peace, disarmament, and humanitarian values. From traditional customs that reflect principles contained in contemporary internation...

2 Jul 15min

The shelter that shone in the distance | Written and Performed by Mamuch Bey

The shelter that shone in the distance | Written and Performed by Mamuch Bey

For the world's more than 120 million forcibly displaced people, the idea of refuge is not an abstraction – it is a horizon, an act of imagination, and sometimes the only thing that keeps hope alive. ...

18 Jun 4min

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