EIU Report & UN Reporting Framework Launch in Washington, D.C.
On May 6, 2015, WeiserMazars, Shift and the British Embassy, Washington D.C. hosted an evening with Professor John Ruggie, former Special Representative of the UN Secretary-General for Business and Human Rights and author of the UN Guiding Principles on Business and Human Rights.
Key contributors included Ed Potter, Director of Global Workplace Rights, Coca-Cola Company and Lauren Compere, Managing Director, Boston Common Asset Management. The evening was hosted by Deputy Head of Mission Patrick Davies OBE. The event also included a presentation by Leo Abrruzese, Global Forecasting Director at the Economist Intelligence Unit, on the EIU/Mazars report on leading companies’ views and actions on human rights and business.
Critical Developments in Business and Human Rights
Since 2011, the UN Guiding Principles on Business and Human Rights have become the authoritative global standard on business’ responsibility to respect human rights. Recent research by the Economist Intelligence Unit shows that over 80 percent of leading companies think human rights are a matter for business — yet only 11 percent of those same companies annually disclose their actions on human rights. The standard is accepted, the commitments are growing, but action on the ground is still a work in progress.
On May 6, 2015, we sat down with select leaders from business, government, investor groups and civil society organizations to discuss a critical development in the business and human rights field: the launch of the world’s first reporting framework that enables companies to show how they respect human rights in practice. As Ruggie said at the February 2015 launch of the UN Guiding Principles Reporting Framework oragnized by Mazars and Shift in London, “This is an absolutely indispensable tool that will mark a major breakthrough in company relations with individuals and communities whose lives they impact.”
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UN Reporting Framework Launch
Following 18 months of research and consultation led by Shift – an independent, non-profit center for business and human rights practice – and Mazars, the UN Guiding Principles Reporting Framework will be officially launched on Tuesday, 24 February 2015 in London.