abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

2 May 2011

Author:
NautaDutilh law firm

[PDF] Business & Human Rights: an update on recent developments

The Guiding Principles do not intend to impose new legal obligations, but instead aim to elaborate on the implications of existing standards and practices...and to integrate them within a single, logically coherent and comprehensive template. Still,...governments and businesses alike will have to consider how they wish to translate the Guiding Principles into specific tailor-made actions...[B]usinesses should respect human rights...avoid infringements thereon and...address adverse human rights impacts...[The] corporate responsibility to respect human rights applies to all business enterprises... Nonetheless, the exact scope of the corporate responsibility and the means through which this responsibility is met may vary...Companies should draw up a statement of policy with regard to their commitment to their corporate responsibility...Companies should put an ongoing monitoring procedure in place...Companies should provide for a remediation process or at least should full cooperate in external remediation processes in cases of human rights violations... [refers to Business and Human Rights Initiative by AkzoNobel, Essent, Fortis Bank Nederland (currently ABN AMRO), KLM (part of Air France KLM), Philips, Rabobank, Randstad, Shell, TNT, Unilever]