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Better Safe than Sorry

Author: Susan Aaronson, Professor & Ian Higham, Research Assistant - Elliott School of Intl. Affairs, George Washington Univ in Policy Innovations, Published on: 1 February 2011

...Building on years of research and multi-stakeholder dialogue, [UN Special Representative on business & human rights John] Ruggie outlined a framework and Guiding Principles to help firms “operationalize” their human rights responsibilities...While some business associations have expressed generic support for Ruggie’s efforts, most firms have said little. BASF, Talisman, and Novo Nordisk are among the few firms that commented on...the Guiding Principles...The Guiding Principles are not perfect, but they will help firms operationalize, monitor, and audit their human rights performance. Therefore, they represent a strategy that firms should test. Most firms have done very little to ensure that they do not undermine the human rights... [also refers to SNCF, Aetna, JPMorgan Chase, Wachovia (now part of Wells Fargo), Nestle, Mars, Whirlpool, Toyota, General Motors, Cisco Systems, Wal-Mart, Freeport-McMoRan, Yahoo!, Unocal (now Chevron), Barclays, BP, Control Risks, Credit Suisse, ExxonMobil, Gap, Hewlett-Packard, Imperial Tobacco, Shell, Cerrejón Coal (joint venture Anglo American, BHP Billiton, Xstrata), Phillips Van Heusen ]

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Related companies: Aetna Anglo American Barclays BASF BHP Billiton BP Cerrejón Coal (joint venture Anglo American, BHP Billiton, Glencore) Cisco Systems Credit Suisse ExxonMobil Freeport-McMoRan Gap General Motors Imperial Tobacco JPMorgan Chase Mars Nestlé Novo Group Novo Nordisk (part of Novo Group) Pfizer Shell SNCF (Société Nationale des Chemins de Fer) Talisman Toyota Unocal (part of Chevron) Vodafone Wachovia (part of Wells Fargo) Walmart Wells Fargo Whirlpool Xstrata (part of Glencore) Yahoo! (part of Verizon)