Once an issue for the CSR team, human rights risk response falls increasingly under the purview of the general counsel. For many companies, it is becoming a core part of adopting sound risk management strategies alongside anti-bribery and corruption considerations.
What does taking a compliance view of human rights mean in practice? How does one get respect for human rights right?
With the Corporate Human Rights Benchmark pilot results soon due to be released, Freshfields explores five key trends in business and human rights for 2017. Amongst other things, we look at the emerging standards applicable to corporates in this area and outlines notable trends in the evolving business and human rights landscape. Namely:
- The continued expansion of mandated disclosure regimes focused on modern slavery, and the evolution of corporate disclosures;
- The future of corporate human rights accountability with respect to issues beyond the modern slavery context;
- The use of corporate rankings mechanisms to gauge and create competitive tension in corporate human rights performance;
- The increasing, human rights-related legal risks for businesses; and
- The materialization of human rights issues in the bilateral investment treaty arbitration context.
We invite you to read more here. Over the course of the next few weeks on this blog, we will discuss in more detail what each of these observations means in practice.