Mazars Unveils Major New Reporting Framework
The first comprehensive guidance for companies to report on human rights issues in line with the United Nations Guiding Principles on Business and Human Rights (UNGPs) was launched in London on 24th February 2015.
It is the culmination of 18 months of major research and in-depth consultation led by Mazars and Shift, an independent, non-profit centre for business and human rights, both of whom have gained industry recognition for their work in this area.
The launch at the Tate Modern in London attracted over 175 high-profile guests representing businesses, institutional investors, NGOs, government representatives, commentators and journalists. It was opened by Phil Verity, Mazars UK’s Senior Partner, and Caroline Rees, President of Shift, before they handed over to a panel of speakers including John Ruggie, Berthold Beitz Professor in Human Rights and International Affairs, Harvard University Kennedy School of Government and Chair of Shift; Marcela Manubens, Global Vice President for Social Impact, Unilever; Jo Swinson MP, UK Minister for Employment Relations and Consumer Affairs; and Richard Howitt MEP, European Parliament Rapporteur on Corporate Social Responsibility.
The UNGP Reporting Framework is endorsed by sixty-seven investors representing $3.91 trillion assets under management who have signed a statement of support, while companies from five different industries are early adopters, including: Ericsson, H&M, Nestlé, Newmont and Unilever. More businesses are expected to start using the Reporting Framework in 2015.
Organised in a series of ‘smart’ questions, the Reporting Framework enables companies to begin reporting on their human rights performance, regardless of size or how far they have progressed in implementing their responsibility to respect human rights.
Richard Karmel, Global Head of Business and Human Rights, Mazars Group says that the Reporting Framework will act further as a guide to companies on how they can modify their behaviours and enhance their controls to reduce the potential for negative human rights impacts. As such it can act as a catalyst for this change.
Mazars’ involvement in the development of the guidance reinforces our credibility and expertise in this area and is in line with the objectives of our global Business. For Good initiative.
Thibaut Bataille. Global Marketing Director. Mazars Group.
Further reading on this topic: Promoting Trust in Corporate Reporting on Human Rights