Protecting and promoting human rights continues to pose a number of challenges for business, according a briefing paper recently released by the Institute of Business Ethics (IBE).
The paper provides an overview of practical tools that organisations can use to minimise the risk of human rights abuses in all their operations and includes some recent examples of good practice.
Referencing national laws and international guidelines that exist to help companies better understand their responsibilities; the paper identifies the three most important frameworks:
• The OECD Guidelines for Multinational Enterprises – The Guidelines apply on a voluntary basis to multinational corporations operating in or from countries adhering to the OECD Declaration.
• The UN Guiding Principles Reporting Framework – The document, developed through the Human Rights Reporting and Assurance Frameworks Initiative (RAFI), provides a set of questions which companies should try to answer in order to assess whether they are upholding human rights in practice.
• If in the UK, The Modern Slavery Act 2015 – This legislation provides law enforcement agencies powers to the fight against modern slavery, by ensuring that perpetrators receive suitably severe punishments and enhancing support and protection for victims.
To understand more and read about recent examples of good practice, download the full IBE Business Ethics and Human Rights: 2015 update