German companies are falling short on human rights. Could this be a tipping point for duty of care laws across Europe?
5/11/19 - Adam Barnett, Communications Officer, BHRRC
Our new study proves the need for mandatory human rights due diligence laws, writes Phil Bloomer in Responsible Investor
This month has seen a string of human rights allegations against German companies. [...] These allegations come at a critical time, with significant implications for investors. In 2020, the German Government will decide whether to introduce legislation similar to France’s Duty of Vigilance law – which mandates that companies identify and prevent human rights risks in their supply chains – and push for related “EU-wide regulation”.
How representative are the recent allegations? In a new study by Business & Human Rights Resource Centre and the ZHAW School of Management and Law, we assessed the 20 largest German companies on whether they meet the basic requirements of international human rights standards.