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Article

12 Mar 2015

Author:
Frank Seier, Right2Respect

Human rights due diligence: The 10-minute corporate executive guide, by Right2Respect

...Business has a "differentiated but complementary" responsibility in preventing and addressing corporate-related human rights impacts. When States enact national human rights laws, corporations have a legal obligation to comply with these... In addition,...corporations have a social responsibility to respect human rights. The Framework and Guiding Principles are now the "global standard of expected corporate conduct" regarding human rights...Not caring about human rights is a risk to business...Human rights due diligence...is a comprehensive, proactive attempt to uncover human rights risks...with the aim of avoiding, mitigating and/or remedying those risks...Human rights due diligence is based on a context-specific investigation of business impacts...[It] helps companies avoid or reduce legal, operational and reputational risks. [Refers to BP]