"Submission to the United Nations open-ended intergovernmental working group on transnational corporations and other business enterprises with respect to human rights. Concerning possible principles, scope and elements of an international legally binding instrument on transnational corporations and other business enterprises with respect to human rights", Jun 2015

The Institute for Human Rights and Business (IHRB) appreciates the opportunity to provide input to the open-ended intergovernmental working group mandated to “elaborate an international legally binding instrument to regulate, in international human rights law, the activities of transnational corporations and other business enterprises.”...IHRB shares the views stated in UN Human Rights Council resolution 26/9 that...“transnational corporations and other business enterprises have a responsibility to respect human rights,”...and that, “transnational corporations and other business enterprises have the capacity to foster economic well-being”...but also have the capacity to cause “adverse impacts on human rights.”...IHRB believes greater accountability is needed...and welcomes international efforts to fight impunity. This can and will likely be achieved through a variety of avenues. A new international legal framework could help protect victims...This submission is intended to provide initial general views and recommendations for consideration by the intergovernmental working group in advance of its first session in July 2015...