UN Forum Series Blog: Mandatory human rights reporting law will push companies to action
The implementation of the United Nations Guiding Principles on Business and Human Rights (UNGPs) is, most certainly, a journey which will take some time for companies...One of the most significant challenges, which may see a substantial amount of change in the coming year, relates to the promotion of increased transparency on human rights performance and challenges. One way in which transparency may be improved is through the adoption of effective reporting frameworks. What’s more, there is a strong argument that reporting requirements can stimulate action...The [UK's Modern Slavery Act, or,] MSA requirements are a good opportunity for many companies to dip their toe in the human rights reporting water, but they only really start to make sense if they are seen in the broader labour and human rights context, rather than a sole focus on forced labour and trafficking issues – as important as these are. With this in mind, we are anticipating a number of companies starting their human rights journey by producing an ‘MSA+ Report’ for 2016.