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Spotlight on human rights: who owns COVID-19 vaccines and why should investors care?

Spotlight on human rights: who owns COVID-19 vaccines and why should investors care?

FromThe Principles for Responsible Investment podcast


Spotlight on human rights: who owns COVID-19 vaccines and why should investors care?

FromThe Principles for Responsible Investment podcast

ratings:
Length:
24 minutes
Released:
Sep 20, 2021
Format:
Podcast episode

Description

In the fourth episode of the PRI’s human rights podcast series, Nikolaj Pedersen speaks to biomedical researcher, health rights advocate, and Head of Policy at the UCL Institute for Innovation and Public Purpose, Els Torreele and Peter Hughes, fund manager at AXA Investment Managers about COVID-19 vaccine ownership and distribution and what investors can do to promote fair and equal access. As of July this year, more than 80% of vaccine doses globally had been given to individuals in high and upper-middle-income countries. Only 1% of people in low-income countries at the time had had at least one dose.  The United Nations commissioner on human rights has stated that "affordable, non-discriminatory access to the vaccine is a human right" and because of the failure to provide fair and equal access to the vaccine the World Health Organisation has stated that the world "is on the brink of a catastrophic moral failure". The economic consequences are also grave with an estimated $9.2 trillion lost if governments fail to ensure that developing economies have access to COVID-19 vaccines What is wrong with the current research and development system? Why does ownership of IP, know-how and technology matter? And what can investors do? Listen to this episode as we explore these questions with our esteemed guests. Find a trascript of this episode here: https://bit.ly/3CqbNhN Interested in the resources discussed in this episode? Investors issue urgent call for “fair and equitable” global response to COVID-19: https://accesstomedicinefoundation.org/news/investors-issue-urgent-call-for-fair-and-equitable-global-response-to-covid-19 Study shows vaccine nationalism could cost rich countries US$4.5 trillion: https://iccwbo.org/media-wall/news-speeches/study-shows-vaccine-nationalism-could-cost-rich-countries-us4-5-trillion/ Campaigners warn that 9 out of 10 people in poor countries are set to miss out on COVID-19 vaccine next year: https://www.oxfam.org/en/press-releases/campaigners-warn-9-out-10-people-poor-countries-are-set-miss-out-covid-19-vaccine
Released:
Sep 20, 2021
Format:
Podcast episode

Titles in the series (95)

Follow the Principles for Responsible Investment to get an insight into the world of responsible investment, with investor perspectives and discussion on a range of environmental, social and governance (ESG) topics. Don't miss an episode - released most Mondays.