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Article

3 Mar 2011

Author:
UN Special Representative on business & human rights John Ruggie

[PDF] [Letter to World Bank President Robert Zoellick]

I understand that the UN [Protect, Respect and Remedy] Framework has been raised, internally and by external stakeholders, in the context of the consultations on the International Finance Corporation’s own Sustainability Framework...First,...the corporate responsibility to respect human rights has emerged as a robust global norm. Companies look to the IFC for concrete guidance...Therefore, the IFC needs to provide the most up-to-date guidance. The current draft revision of the Policy Framework and related Performance Standard does not fully meet that test because lacks it clear references to the corporate responsibility to respect human rights...Second,...one of the most common requests I hear from companies is for consistency, clarity and predictability in the standards expected of them...The ‘Protect, Respect and Remedy’ Framework has gone some way towards providing a consensus-based platform...—which is why other initiatives have drawn...from it. I hope that it might be similarly helpful to the IFC...