Prosegur joins Spanish companies in promoting human rights management through second UN Global Compact Spain Business & Human Rights Accelerator Program

Madrid, February 6, 2024 - Reflecting Spanish companies’ commitment to protecting human rights, Prosegur has joined the UN Global Compact Spain’s second Business & Human Rights Accelerator Program. Over the next six months, more than 800 companies worldwide, 60 of them from Spain, will take part in the program, a significant increase on the previous edition.

The Business & Human Rights Accelerator Program helps companies move from commitment to action in the field of human rights. The United Nations leads this international initiative, assisting companies from all sectors and of all sizes in identifying their human rights impact, establishing due diligence processes and developing specific action plans in an area that requires significant improvement.

Cristina Sánchez, executive director of the initiative, explains: "With this accelerator we are charting a path beyond promises. We advocate palpable change, where companies not only declare their commitment, but also translate it into concrete actions. This is an opportunity to proactively identify and address the business sector's impact on human rights in anticipation of future due diligence regulations."

Along with Prosegur, other leading Spanish companies in various sectors are actively participating in this edition, including Acciona, Iberdrola, Eulen, Grifols and NH Hotel Group, among others. María Victoria Jiménez de Pablo, Prosegur's Global Director of Labor Relations, says the aim is to further increase corporate commitment to human rights. "The program is a great opportunity to continue strengthening our practices and continue building a safe and conscious environment with Human Rights and their realities inside and outside Prosegur."

According to data from the UN Global Compact Spain, human rights continue to be the least addressed area of the UN’s Ten Principles, with 48% of organizations, behind the environment, labor standards and anti-corruption. To address this, the program adopts a blended learning approach, which includes on-demand trainings on the Academy platform, expert interventions and working sessions between participating organizations.

Following the completion of the previous round of the accelerator program, 86% of participating companies developed a human rights-related action plan or planned to do so in the coming months, and 83% confirm that their company has made progress in the area of human rights as a result of the program.