Due to the mobility of people, products and information issues like forced labour and human trafficking have become worldwide problems that can affect businesses in any region. Companies are exposed to the risk of being involved in human rights violations, either directly or through complicity.
Companies are increasingly required to implement a systematic approach to identify and manage any human rights risks. Clients pass on the demand for accountability and transparency to their suppliers. But this demand often poses challenges to SMEs, as they usually do not have the capabilities and time resources to address these challenges effectively.
With the incorporation of UN Guiding Principles on Business and Human Rights into international standards and national and local legislations, companies are required to prevent and mitigate human rights risks or remediate negative human rights impacts in their operations and along their value chains, regardless of the organizations’ location, industry, or size. Governments are passing human rights due diligence laws, like California’s SB657, the UK Modern Slavery Act, the EU Directive on Non-Financial Reporting, French Duty of Vigilance, or the German Supply Chain Due Diligence Law. Victims of human rights violations are speaking out and taking legal action against those responsible, while investors are taking note, demanding increased accountability and transparency.
As a management consultancy with focus on labour practices and human rights risks in businesses and supply chains, CorpoResp helps SMEs understand human rights risks and prevent or remediate negative impacts in businesses and supply chains.
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