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Article

31 Mar 2011

Author:
Scott Jerbi, Institute for Human Rights and Business

Are Companies Ready to Implement UN Guiding Principles on Business and Human Rights?

A key question for the time ahead - are corporate leaders ready for the Guiding Principles? The short and perhaps unsurprising answer is that most leading companies have a lot of work ahead of them...Many corporate leaders will admit that even this first step [of adopting public human rights policy statements] is no small task for their companies. Available information indicates...that only a very small number of major companies have developed their own human rights policy statement in keeping with the Guiding Principles...For example, Fortune magazine recently released its 2011 "world’s most admired companies" list. Of its 50 all-stars...only 15 of the firms have a public statement on human rights according to the running list of publicly available policies maintained by the Business and Human Rights Resource Centre...[refers to Cisco Systems, General Electric, Marriott International, Microsoft, PepsiCo]