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Summary of European Parliament seminar discussing need for binding treaty on business & human rights

“Event Summary: Towards a legally binding instrument on Business and Human Rights”, 2 Sep 2015

The debate began with an analysis of the Treaty’s role and the impact it could have on the lives of those whose rights have been infringed on by irresponsible companies.  Participants then discussed the relationship between the UN Guiding Principles on business and human rights (UNGPs) and an UN legally binding instrument, with a majority of speakers testifying to their complimentary nature. After hearing interventions from a multitude of stakeholders, including people directly affected by corporate impunity, the seminar ended with the conclusion that although some progress has been made much more needs to be done, including a clearer show of leadership and support for the UN Treaty at regional, national and EU level, and across all EU and Member State (MS) institutions, policies and initiatives, together with a higher standard of responsibility at both a business and consumer level…