Beyond the Business Case
Since the adoption of the UN Guiding Principles on Business and Human Rights (UNGPs) in 2011, companies around the world have taken steps to meet their responsibility to respect human rights by adopting human rights policies and procedures known as "human rights due diligence (HRDD)." Yet raising awareness among companies worldwide about the responsibility to respect human rights, including implementing human rights due diligence and remedying negative impacts when they occur, remains a challenge.
In March 2018, the UN Working Group on Business and Human Rights, which is mandated by the UN Human Rights Council, noted that scaling up the adoption on HRDD by companies requires push and pull efforts by a range of actors, including investors.
Supporting investor advocacy on human rights
In order to respond to this global call, the Alliance's campaign strategy seeks to ensure respect for human rights in global value chains through the promotion and implementation of the UNGPs. In particular, we aim to:
- Build our members’ capacity on the promotion and implementation of the UNGPs and its connection to Environmental, Social and Governance (ESG) criteria and decision-making;
- Support investor engagement with companies to increase implementation of HRDD by developing policies and systems for company activity, and evaluation of progress;
- Encourage engaged companies to develop and strengthen activities and processes to provide remedy for victims of business-related human rights abuses, to increase accountability;
- Support the development of an enabling environment for effective due diligence, by actively participating in the development of standard setting, policy and regulation; and
- Build partnerships and collaborations with the business community, NGOs, international organizations, trade unions and community-led organizations to identify opportunities to increase the leverage and impact of investor efforts on human rights and business.
We are undergoing a process for identifying key sectors for rolling out this campaign, which is slated to begin in mid-2018.