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25 Okt 2022

ESCR-Net & Al-Haq

Oral Intervention on Article 6 of Third Revised Draft On Behalf of ESCR-Net and Al-Haq, Law in the Service of Man 25 October 2022

...Article 6, is at the heart of the purpose for this process. The argument that language is overly prescriptive in this article or throughout the 3rd revised draft is one that misses the point of this process and the need for a treaty...

...[L]eft to their own devices, corporations will pursue short-term profit interests over the interests of people, the planet and the common good. The pursuit of the path of least resistance is in the nature of the corporation.

On the spectrum between self-interest and self-restraint, the lack of a corporate conscience, requires a legally binging mechanism that is prescriptive in order to restrain corporate behavior and prevent us from spiraling down a path from which there is no return...

We recommend that Article 6 maintain strong language to stop corporate capture in an effort to prevent abuses and violations in the context of business activity...

In efforts to limit corruption, States shall also review and adopt laws that will enhance transparency regarding business donations to political parties, corporate lobbying, awarding of licenses, public procurement, and revolving doors practices.

...Yes, it costs more to care and that is the point of this process. The gaps in the duty of care must be closed. It is time to tame the corporation!