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Report

16 Mar 2015

Author:
The Economist Intelligence Unit

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"The road from principles to practice: Today's challenges for business in respecting human rights", 16 Mar 2015

A large majority of executives now believe that business is an important player in respecting human rights, and that what their companies do - or fail to do - affects those rights...Companies see human rights mainly as a stakeholder and ethical issue; a business case for respecting human rights focused on more immediate costs and benefits is less widely accepted...While corporate attitudes are evolving fairly quickly, concrete steps to reform company policies and to communicate such changes externally are slower to follow...Companies are still coming to grips with what their responsibilities mean in practice, a process that will also take time...Current leaders in corporate action on human rights have moved ahead by embedding respect for human rights within their organisations, but acknowledge that they still have much to learn...