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SHIFT PROJECT LTD

NEW YORK, NY · EIN 452779314 · Form 990 · FY2024 · NTEE Q70 · International Affairs · Medium ($1M-$10M) · shiftproject.org
revenue
$4.1M
expenses
$4.1M
net assets
$2.8M
employees
5
volunteers
9
program ratio
82%
mission · from form 990

Shift works across all continents and sectors to challenge assumptions, push boundaries and redefine corporate practice in order to build a world where business gets done with respect for peoples dignity. Our work is based on the international standard of the UN Guiding Principles on Business and Human Rights.

profile · synthesized from sources

Shift Project Ltd works globally to advance corporate respect for human rights by helping companies, financial institutions, and standard-setters implement the UN Guiding Principles on Business and Human Rights (UNGPs). The organization provides advisory services, capacity-building programs, and peer-learning initiatives to strengthen human rights due diligence across industries. It operates as a mission-driven nonprofit with deep technical expertise rooted in the development of international human rights standards.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $1.15M
    BUSINESS ENGAGEMENT THROUGH THIS PROGRAM, SHIFT WORKS WITH LEADING GLOBAL COMPANIES AT BOTH STRATEGIC AND OPERATIONAL LEVELS, HELPING THEM BUILD THE VISION, SYSTEMS AND CAPACITY THEY NEED TO IMPLEMENT THE UNGPS. WE ALSO WORK WITH INDUSTRY ASSOCIATIONS AND MULTISTAKEHOLDER INITIATIVES THAT SUPPORT IMPLEMENTATION OF THE UNGPS.
  2. #2 $487K
    FINANCIAL INSTITUTIONS - THROUGH THIS PROGRAM, SHIFT WORKS WITH FINANCIAL INSTITUTIONS TO UNDERSTAND AND ADDRESS HUMAN RIGHTS CHALLENGES AND DEVELOP LEADING PRACTICES ALIGNED WITH THE UNGPS.
named programs · 5 · from sources

What they call their work

Advisory Plus
Blended offering that combines individual advisory projects with access to selected Business Impact Program events and training, enabling companies to benefit from peer learning while receiving bespoke support.
Advisory Services
Tailored consulting services to help companies build internal capacity for human rights due diligence, covering risk identification, action planning, remedy mechanisms, supply chain systems, and climate-related human rights risks.
Business Impact Program (BIP)
Flagship membership program for leading companies to collaboratively strengthen human rights due diligence through practice groups, workshops, capacity-building, and peer learning, with access to Shift’s expert advisory support.
Financial Institutions Program
Works with public and private financial institutions to understand and address human rights challenges in their operations and portfolios, including investment practices and client engagement in high-risk areas.
Standards Program
Advises governments, regulatory agencies, intergovernmental organizations, and standard-setters on integrating the UN Guiding Principles into policies, regulations, and reporting frameworks.
activities · 5 groups

What they do

  • Human Rights Advocacy & Accountability 3 activities
    • Advancing human rights in financial institutions and investment practices
      Engages financial institutions, investors, and development finance agencies to integrate human rights due diligence into investment portfolios, risk assessments, and client engagement strategies, including advising on frameworks like the Equator Principles and supporting export credit agencies.
    • Leading the Valuing Respect initiative to improve corporate human rights evaluation
      Leads a flagship three-year collaborative project launched in 2018 to develop better methods for evaluating corporate human rights performance across six focus areas, including funding partner organizations and publishing tools and resources.
    • Providing strategic human rights advice to international sports organizations
      Delivered expert advice to the International Olympic Committee, FIFA, FIA, and World Athletics on human rights frameworks, gender policies, and strategic planning, including chairing FIFA’s Human Rights Advisory Board from 2017 to 2021.
  • SDG Advancement & Global Advocacy 1 activity
    • Collaborating with multistakeholder initiatives and industry associations
      Works with industry groups, trade unions, and multistakeholder initiatives such as the UN Global Compact and ICMM to advance implementation of the UN Guiding Principles and improve corporate practices on remedy, migrant worker rights, and climate-related human rights risks.
  • Supply Chain Labor Rights Investigation and Advocacy 1 activity
    • Conducting research on human rights in global value chains and legal frameworks
      Conducted research on the impact of national laws like France’s Duty of Vigilance Law, developed guidance on freedom of association in supply chains, and supported multistakeholder initiatives to strengthen grievance mechanisms and due diligence practices.
  • Human Rights & Peace Education Curriculum 1 activity
    • Delivering training and capacity-building programs for corporate and government stakeholders
      Provides expert-led training sessions, online courses, and clinic-based workshops for businesses, government staff, and civil society on human rights due diligence, the UN Guiding Principles, and sustainability reporting standards.
  • Uncategorized 4 activities
    • Co-developing and advancing the UN Guiding Principles on Business and Human Rights
      Played a central role in the creation and ongoing implementation of the UN Guiding Principles on Business and Human Rights, including co-developing the framework with Professor John Ruggie during his UN mandate and supporting its practical application globally.
    • Developing and disseminating tools for corporate human rights reporting and assessment
      Created and published the UN Guiding Principles Reporting Framework and Assurance Guidance with Mazars, along with other public tools and methodologies to improve corporate human rights disclosure, auditor assessments, and performance benchmarking.
    • Providing advisory and capacity-building support to businesses on human rights
      Offers tailored advisory services, training, and tools to help companies implement human rights due diligence, strengthen internal capacity, and align with the UN Guiding Principles, including through customized projects and multi-day support engagements.
    • Supporting governments and standard-setting bodies on business and human rights policy
      Advises governments, regulatory agencies, and international standard-setters on integrating the UN Guiding Principles into national policies, mandatory due diligence laws, and sustainability reporting frameworks, with a focus on European and multilateral initiatives.
financials · form 990 · fy2024
revenue
Total revenue$4.09M
Contributions & grants$2.05M50%
Program service revenue$1.94M47%
Investment income$98K2%
Other revenue$4K
expenses
Total expenses$4.07M
Program expenses82%
Admin / overhead17%
Fundraising1%
Salaries & benefits$3.01M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$4.12M
Cash$3.68M
Investments$0
Liabilities$1.35M
Net assets$2.76M
Liquid reserves10.9 mo
6 years on record · 2019–2024 · YoY revenue +23.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 9
NameTitleHours/wkCompensation
Caroline Rees President 40 $252K
Rachel Davis Vice President 40 $179K
Cynthia Burns COO 40 $166K
Mark Hodge VICE PRESIDENT 40 $163K
Ashleigh Owens Director 40 $147K
David Vermijs DIR. BUS. ENGMT. 40 $140K
Bob Dannhauser Senior Advisor 40 $137K
Jenny Holdcroft Director 40 $130K
Federico Burlon Director 40 $122K
board members · 9
  • Alexandra Haas — Trustee
  • Ambet Yuson — Trustee
  • Erika George — Trustee
  • Maria Anne van Dijk — Trustee
  • Paul Druckman — Trustee
  • Prince Zeid Ra'ad Al Hussein — Chair
  • Sharath Martin — Trustee
  • Susanne Stormer — Trustee
  • Vania Maria da Costa Borgerth — Trustee
relationships · 80

Who they work with

  • AB InBev Partner — Member of Shift’s Business Impact Program since 2019
  • ABN AMRO Partner — Collaborated on integrating human rights into operations and leveraging influence to address human rights risks.
  • ABN AMRO Partner — Member of Shift’s Business Impact Program since 2014
  • Allied Irish Banks Partner — Member of Shift’s Business Impact Program since 2022
  • Atradius DSB Partner — Conducted comprehensive evaluation of its human rights due diligence approach against the UNGPs.
  • Barclays Partner — Worked with on challenges related to integrating human rights respect into banking operations.
  • CDC Partner — Collaborated on human rights guidance for investment managers in development finance.
  • CDC Group Partner — Worked with CDC, the UK’s development finance institution, to build capacity on human rights for private equity managers and businesses in Tunisia and Ethiopia.
  • Capitals Coalition Partner — Collaborated with Shift to develop an accounting model for measuring progress toward living wages.
  • Centre for Sport and Human Rights Partner — Jointly provided expert support to the World Athletics Human Rights Working Group and co-authored an independent comment on its report.
  • Chanel Partner — Member of Shift’s Business Impact Program since 2019
  • Citi Group Partner — Engaged on integrating human rights into operations and using leverage to address severe human rights risks.
  • Corporate Responsibility Initiative at the Harvard Kennedy School Partner — Co-published the 2016 report "For the Game. For the World" on FIFA and human rights.
  • DEG Partner — Supported integration of human rights due diligence in development finance operations.
  • De Beers Group Partner — Member of Shift’s Business Impact Program since 2021
  • Dutch Banking Agreement Coalition — Played a central role in supporting the development of this multi-stakeholder agreement on bank human rights responsibilities.
  • Dutch Banking Agreement Coalition — Shift played a central role in the development of this agreement between Dutch banks, government, and civil society on human rights responsibilities.
  • EFRAG Network — Member of EFRAG’s Sustainability Reporting Board advising the European Commission on European Sustainability Reporting Standards.
  • EKN Partner — Engaged on improving human rights practices within Sweden's export credit agency.
  • Equator Principles Association Partner — Provided expert advice to strengthen human rights integration in the Equator Principles framework.
  • Equator Principles Association Partner — Received expert advice from Shift to strengthen human rights integration in its project finance risk management framework.
  • Equinor Partner — Member of Shift’s Business Impact Program since 2015
  • Ericsson Partner — Member of Shift’s Business Impact Program since 2012
  • Export Development Canada Partner — Supported Export Development Canada to strengthen its human rights work at strategic and operational levels.
  • Export Development Canada Partner — Supported in developing and implementing a framework for leverage and remedy in human rights.
  • FMO Partner — Supported integration of human rights due diligence into environmental and social risk management.
  • Fair Labor Association Partner — Received advisory support from Shift on aligning its practices with the UN Guiding Principles.
  • Ferrero Partner — Member of Shift’s Business Impact Program since 2018
  • Financial Sector Commission on Modern Slavery and Human Trafficking Partner — Provided expert advice to inform the Commission’s Blueprint for financial sector action on modern slavery.
  • FinnFund Partner — Worked with on integrating human rights due diligence in investment portfolios.
+ 50 more
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Capacity Building Through Co-Creation
    methodology: capacity-building partnership
    By using a co-creation model that builds internal company capacity rather than creating dependency, the organization enables long-term embedding of human rights due diligence because sustainable change occurs when organizations internalize responsibility rather than outsource it.
  • Disclosure as Catalyst for Corporate Accountability
    methodology: disclosure-driven change
    By strengthening corporate human rights reporting and disclosure aligned with the UN Guiding Principles, the organization improves internal due diligence and external stakeholder engagement because transparent reporting reveals real risks, triggers internal action, and enables stakeholders to influence corporate behavior.
  • Leveraging Systemic Influence Across Sectors
    methodology: systemic change through multi-agent influence
    By working simultaneously with companies, financial institutions, governments, and global standard-setters, the organization drives systemic change because influencing multi-agent systems amplifies impact beyond individual actors to transform industry norms and policies.
  • Purposeful Innovation for Unresolved Challenges
    methodology: purposeful_innovation
    By applying purposeful curiosity and innovation to complex, unresolved problems in business and human rights, the organization develops new tools and insights because transformative change requires moving beyond conventional approaches to address structural gaps.
  • UN Guiding Principles as Foundational Framework
    methodology: ungp-implementation
    By grounding all work in the UN Guiding Principles on Business and Human Rights, the organization ensures a consistent, authoritative standard for corporate accountability, enabling practical implementation and systemic change because these principles provide a globally recognized blueprint for responsible business conduct.