Report Shines Spotlight on Business and Human Rights
A major new report supported by Mazars and published by The Economist Intelligence Unit (EIU) called The road from principle to practice: Today’s challenges for business in respecting human rights was launched on 16th March 2015. The report was launched at a successful industry event in London at the headquarters of co-sponsor a leading law firm, DLA Piper.
The in-depth report explores the views of businesses worldwide on their responsibility to respect human rights and the ways in which these obligations are carried out. Responses from 853 senior executives in 100 countries, as well as individual interviews with high-profile experts in human rights were taken into consideration, in what is considered the most in-depth analysis to date.
The results of the survey were presented by Monica Woodley, Editorial Director at The Economist Intelligence Unit, followed by a short discussion of the key themes by DLA Piper partner Jonathan Exten-Wright, GBI Executive Director Mark Hodge, and Mazars partner Richard Karmel.
Among its findings, the report shows that companies do not see a business case for human rights, but rather see respecting human rights as helpful in building good relationships with local communities (48%), protecting the company and brand and reputation (43%); and serving moral/ethical considerations (41%).
Richard Karmel, Global Head of Business and Human Rights, Mazars Group says the findings show that greater corporate education is required. His belief is that there are several business cases for respecting human rights; the two clearest of which are: protecting reputation and brands, and engaging more widely with suppliers and communities which will lead to increased profitability.
Sponsors of the influential report also include high-profile companies, institutes and governments including Lilly, Global Business Initiative, Telenor Group and Universal Rights Group; and supported by: International Chamber of Commerce (ICC), IPIECA, International Organisation of Employers (IOE), Norwegian Ministry of Foreign Affairs and The Foreign & Commonwealth Office.
Thibaut Bataille. Global Marketing Director. Mazars Group.
Further reading on this topic: The Road from Principles to Practice