[…] are struggling to maintain solvency, putting pressure on their remaining workforces and suppliers. Tensions are rising in numerous countries. These issues in combination have dramatic business and human rights impacts, creating legal, reputational, and operational risks. Those risks include: Workforce and labor challenges. Employees will continue to be acutely concerned about job requirements that […]
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Regimes for combating human rights abuses are gaining momentum, examples of which include the European Parliament resolution of March 10, 2021 recommending to the EU Commission the introduction of corporate due diligence and corporate accountability, and Germany’s Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz) of June 11, 2021. Meanwhile, international sanctions regimes also turned their […]
The global human rights agenda is gaining momentum with a number of jurisdictions, including the United States, Germany, Switzerland, and the EU currently working (or committed) to introduce mandatory human rights due diligence laws. The trend is clear: human rights oversight is shifting from soft law to hard law. Governments are becoming increasingly serious about addressing human […]
In considering external operating risk, it has long been clear that corruption and negative human rights impacts correlate keenly. Underpaid doctors who require bribes before they will admit your child to a hospital immediately undermine your right to health. When an earthquake collapses buildings and causes fatalities, further investigation usually reveals that bribes were […]
Until a few years ago, corporate decision-makers often worried that knowledge about their company’s human rights impacts may increase risks of litigation, prosecution and investment withdrawal.
[…] spent — particularly when those dollars fund causes that contravene the public interest. Over the last several years, civil society has increasingly pushed for stronger implementation of human rights protections in federal spending, also referred to as public procurement. The 2011 United Nations Guiding Principles on Business and Human Rights (available here pdf) make […]
Earlier this month, Business at OECD (BIAC) and the International Organization of Employers (IOE) published a new guide: “Connecting the anti-corruption and human rights agendas: A guide for business and employers’ organizations.” This guide comes at a time when several jurisdictions will be introducing new regulations on human rights due diligence, such as Switzerland […]
Human rights have recently attracted more attention with significant legislation enacted throughout the European Union, and major companies have been increasingly targeted by complex litigation for alleged human rights violations. Here are some of the biggest ESG developments companies operating in the EU should know about. In France, Duty of Vigilance and human […]
The UK’s Criminal Finances Act, a new law that expands remedies for UK prosecutors to use against gross human rights abuses, also targets activity “connected to” gross human rights abuses.