abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapelocationmap-pinminusnewsorganisationotheroverviewpluspreviewprofilerefreshnewssearchsecurityPathtagticktooltiptwitteruniversalityweb
Article

Ecuador Foreign Minister highlights how intl. binding instrument will hold multinationals accountable for human rights violations & provide effective remedies for victims

"Transnational Misconduct Must End", 24 Oct 2014

Transnational corporations enjoy special rights, protections, and privileges that have led to an unprecedented level of social and environmental injustice, particularly in developing countries without sufficient legal recourse to defend against corporate power. A new proposal spearheaded by Ecuador and South Africa to create a legally binding instrument to regulate the human and environmental rights abuses of transnational corporations, recently approved by the UN Human Rights Council (UNHRC) in Geneva, is the start of setting things right…These new regulations would move the world to a legal framework that holds transnational corporations accountable for their human rights violations. It will provide legal protections and effective remedies, as well as create an important role for civil society actors in promoting corporate accountability and in preventing and mitigating adverse human rights impacts of transnational corporations…[Also refers to Chevron, Shell, Texaco, Union Carbide]