Rights before profit: Recommendations on corporate accountability from the co-convenors of the Post-2015 Human Rights Caucus
The private sector can play an important role in contributing new resources to achieving sustainable development and the post-2015 agenda. However, without clear lines of accountability there is an imminent risk that the development agenda over the next 15 years will be disproportionately impacted by unconstrained private sector financing, activities and priorities which undermine human rights...
...Seven calls for ensuring private sector accountability in the context of FFD and the post-2015 agenda follow. These include recommendations that should be integrated into the post-2015 and FFD outcome documents, and that Member States should act on at national level...
1) Integrate the Guiding Principles on Business and Human Rights...
2) Set robust standards and safeguards for partnerships...
3) Strengthen regulatory frameworks and safeguards...
4) Commit to impact assessments...
5) Make reporting mandatory...
6) Provide access to remedy...
7) Ensure sufficient scope and capacity of Post-2015 follow-up and review mechanisms...