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Article

10 May 2007

Author:
Business for Social Responsibility

The Voluntary Principles on Security & Human Rights Plenary adopts Formal Participation Criteria

The Voluntary Principles on Security and Human Rights (VPs) Plenary adopted formal participation criteria...[that include] minimum requirements for participation; a dispute resolution process to raise concerns about the performance of a participant; clear accountability mechanisms; and more transparent procedures for accepting new members. Additionally, the new criteria enshrine a commitment by participants to report publicly on their implementation of the VPs or their support for implementation once formal reporting criteria are finalized. [Participating companies: Anglo American, BG Group, BHP Billiton, BP, Chevron, ConocoPhillips, ExxonMobil, Freeport McMoRan Copper and Gold, Hess, Marathon Oil, Newmont Mining, Norsk Hydro, Occidental Petroleum, Rio Tinto, Shell, Statoil]