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UN Forum Series Blog: Creating industry-specific standards to operationalize the “responsibility to respect”

Any measurement of progress requires a baseline – determining whether the dial has moved can only be assessed if we know where it was before. Measuring progress over time also requires collecting comparable data by employing the same set of indicators at each measurement...The Center for Business and Human Rights at New York University’s Stern School of Business has, therefore, been highlighting the importance of developing industry-specific human rights standards and metrics...Industry standards measured by the same set of indicators will allow investors and consumers to compare the performance of companies in the same sector and over time...Industry standards create a level playing field for all companies in a sector and facilitate the implementation process – companies can pool resources and expertise to tackle challenging human rights issues.

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