background image

How to conduct human rights impact assessments as part of company ESG programs

author image

By illuminem briefings

· 1 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Thomson Reuters Institute or enjoy below:

🗞️ Driving the news: Conducting human rights impact assessments is essential for companies to identify and mitigate adverse impacts on human rights, integrating these concerns into broader compliance efforts

🔭 The context: The European Union's Corporate Sustainability Due Diligence Directive has pushed human rights into the mainstream, covering topics from living wages to preventing forced labor
• Businesses are increasingly held accountable for human rights, paralleling developments since the 1980s involving major incidents like the Bhopal gas leak and the Exxon Valdez oil spill

🌍 Why it matters for the planet: Addressing human rights issues within ESG programs helps ensure ethical business practices, positively impacting global social justice and environmental sustainability

⏭️ What's next: Companies should integrate human rights into their risk management and compliance systems, conduct regular assessments, and prepare for potential crises, including black swan events

💬 One quote: "Most companies have well developed legal and compliance functions that can be leveraged to incorporate human rights," said Tara Giunta, Paul Hastings

📈 One stat: More than 50% of cases under OECD guidelines for businesses include human rights violation allegations, with manufacturing and mining sectors most frequently implicated

Click for more news covering the latest on ESG

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)