UN-draft binding treaty on human rights for transnational corporations and other business enterprises.

The negotiation process towards a meaningful treaty on business and human rights has been underway since 2014 at the UN Human Rights Council. The process has been a slow one but the development and release of the draft treaty in July this year is a strong indication that there is a clear change coming to the world of business and human rights.   ... →

Still no binding regulations on indirect human rights violations committed by German Companies

| Bild (Ausschnitt): © Raimond Spekking [CC BY-SA 4.0] - climatevisuals

In 2011 the UN Human Rights Council unanimously endorsed the Guiding Principles for Business and Human Rights. These 31 principles are based on three key principles; the duty of states and enterprises to protect and respect human rights and the possibility of legal remedy in the event of human rights violations. One of the  principles in relation to this is that Companies should  undertake human rights due diligence assessing human rights impacts not just in their own activities, but should also linked to wider impacts of their operations and activities.   ... →

Banking without Principles?! – Banks rate low in BankTrack report

In June 2016, BankTrack published its second edition of “Banking with Principles? – Benchmarking Banks against the UN Guiding Principles on Business and Human Rights“. Using 12 criteria in 4 categories (policies, due diligence commitments, reporting and access to remedy), based on the UN Guiding Principles on Business and Human Rights, BankTrack assessed 45 of the largest banks globally, including Commerzbank and Deutsche Bank.   ... →