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15 Jun 2016

Lauren Compere, Boston Common, on Huffington Post

Human Rights and Business: From Principles to Practice

This month marks five years since the adoption of the UN Guiding Principles on Business and Human Rights (UNGPs)…

However moving from principles to practice in the last five years has not been easy.

The first achievement of the UNGPs has been to make a strong business case to companies to ensure they manage human rights risks…

In the last five years we have also seen a greater focus on this issue by regulators with a trend for putting responsibility for oversight of these risks not only on the shoulders of company management but right through to the boardroom…

Investors have also played their part in pushing corporate action from principles to practice since the UNGPs’ adoption…

We must make it as easy as possible for companies to understand the expectations of investors and others so they can embed good practice in their everyday business. In an age where many companies have global operations and complex supply chains this requires clear and simple guidance…Allso refers to Lonmin