A coalition of 21 investors led by Candriam, including our partners Aequo, SHARE, and Vancity, recently released an update on the progress of the dialogue on issues related to facial recognition technologies.
Launched in March 2021, the coalition is calling for the sale of facial recognition services to law enforcement to be suspended until proper regulation emerges to ensure that the technology is used responsibly.
The engagement targets 15 companies and aims to understand how they assess, manage and mitigate the human rights risks of this technology. The progress report raised 4 major areas of concern:
The report highlights the efforts of 3 companies:
A second report is expected in 2023 once all 15 companies have been met.
Sources : Investor Engagement on Human Rights Risks of Facial Recognition Technology: Interim Report, Candriam, septembre 2022, https://bit.ly/3UKYLEQ; « Candriam: premiers résultats de l'initiative d'engagement collaboratif sur la reconnaissance faciale », allnews.ch, 13 octobre 2022, https://bit.ly/3EmzkUJ