The second in IHRB's "State of Play" report series, this joint report produced with the Global Business Initiative on Human Rights (GBI) takes stock of efforts by companies to address human rights impacts associated with their business relationships.
The Report is based on extensive interviews with a group of 14 international companies to identify how they address human rights impacts associated within six types of business relationships:
- joint ventures
- mergers and acquisitions
- franchising and licensing
- suppliers and service providers
- direct customers
- investor-state relationships
Behind the macro trends and data of globalisation lies a complex array of individual business relationships, each with specific commercial objectives. The Report explores the implications of the UN Guiding Principles on Business and Human Rights for these relationships, looking at how responsible business commitments and practices are being integrated at the micro level.
The Report outlines a range of practices and challenges faced throughout the lifecycle of the six business relationship types, and suggests 10 themes that will be of particular importance for implementation over the subsequent 5 years.
The perception of ‘value’ needs to change if the World Bank’s mission is to succeed
Last week we attended the Spring Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C. The annual IMF-World Bank meetings bring together finance ministers and central bankers from all regions as a platform for official...
26 April 2024 | Commentary
Commentary by Vasuki Shastry, Author, ESG/Strategic Communications Expert; International Advisory Council, IHRB Haley St. Dennis, Head of Just Transitions, IHRB