Human rights and business

    From Consumerium development wiki R&D Wiki

    Human rights due diligence or HRDD means giving w:due diligence to the w:human rights aspects of your planned operation.

    “Due diligence is an investigation of a business or person prior to signing a contract, or an act with a certain w:standard of care.”

    Timeline

    International Covenant on Economic, Social and Cultural Rights

    The w:International Covenant on Economic, Social and Cultural Rights is a multilateral treaty approved by the UN General Assembly. It came into force in 1976 and it commits its parties to work toward the granting of w:economic, social, and cultural rights (ESCR) to the Non-Self-Governing and Trust Territories and individuals, including w:labour rights and the w:right to health, the w:right to education, and the w:right to an adequate standard of living. (Wikipedia)

    United Nations Guiding Principles on Business and Human Rights

    The w:United Nations Guiding Principles on Business and Human Rights (UNGPs) were presented in 2011 and are considered to be the first global standard for preventing and addressing the risk of adverse impacts on human rights linked to business activity, and continue to provide the internationally accepted framework for enhancing standards and practice regarding business and human rights.

    The UNGPs encompass three pillars outlining how states and businesses should implement the framework:

    1. The state duty to protect human rights
    2. The corporate responsibility to respect human rights
    3. Access to remedy for victims of business-related abuses

    Human Rights Impact Assessment

    “Human Rights Impact Assessment is a process for systematically identifying, predicting and responding to the potential human rights impacts of a business operation, capital project, government policy, or trade agreement. It is designed to complement a company or government’s other impact assessment and due diligence processes and to be framed by appropriate international human rights principles and conventions.”

    See also in Wikipedia

    References