Business can play a vital role in job creation, securing livelihoods, community development and generating public revenue. However, without a strong commitment to human rights and implementation through due diligence, jobs can be precarious, communities affected, and inequalities exacerbated. Investors also have a duty to uphold human rights and advocate for responsible investment practices. By doing so, they can prevent and address both current and potential negative impacts on people, manage financial risks, and meet the evolving expectations of beneficiaries, civil society, regulators, and clients. Founded in 2018, the World Benchmarking Alliance is a non-profit organisation holding 2,000 of the world’s most influential companies accountable for their part in achieving the Sustainable Development Goals. It does this by publishing free and publicly available benchmarks on their performance and showing what good corporate practice looks like. The benchmarks provide companies with a clear roadmap of what commitments and changes they must make to put our planet, society and economy on a more sustainable and resilient path. They also equip everyone – from governments and financial institutions to civil society organisations and individuals – with the insights that they need to collectively incentivise leading companies to keep going and pressure the laggards to catch up. WBA works with asset managers, asset owners and key actors across the investment industry to accelerate corporate accountability and sustainable systems transformations. By using our open source data, insights, and expertise to conduct investment analysis and individual stewardship activities, investors can confidently challenge companies on the speed of progress and the decisions taken in relation to global sustainability goals. We developed this Guidance to further build on our Corporate Human Rights Benchmark key findings and translate them into a series of assessment questions for investors to use in their stewardship activities. The Corporate Human Rights Benchmark (CHRB) assesses the most influential companies operating in high-risk sectors on their human rights performance. The benchmark looks at the policies, processes and practices companies have in place to systematise their human rights approach. We completed the benchmark’s fifth iteration in 2022 and 2023, assessing 227 companies in five high-risk sectors for human rights impact. In 2022, we assessed companies in the food and agricultural products (57 companies), ICT manufacturing (43 companies) and automotive manufacturing (29 companies) sectors. Subsequently in 2023, we assessed companies in the apparel (55 companies) and extractives (55 companies) sectors. The results, which are freely and publicly available, provide insight into the human rights practices of some of the most influential companies, including their best practices and key areas for improvement. This guidance elaborates on key findings from the World Benchmarking Alliance’s fifth iteration of Corporate Human Rights Benchmark. Each finding concludes with a series of questions investors can use in their stewardship activities. These questions can be used during company engagement, and evidence from the benchmark can inform the engagement rationale. These questions are meant to provide a starting point and may require additional research and context in some cases.