Name: See UN Working Group on Business and Human Rights’ activity on LinkedIn
Uploaded: 2024-12-17T11:33:45.314Z
Duration: 1 min 13 s
Channel: UN Working Group on Business and Human Rights

UN Working Group on Business and Human Rights reposted this

Damilola S. Olawuyi, SAN, FCIArb

3mo Edited

We must recognize that businesses, especially transnational corporations, wield enormous power and influence. It is therefore naïve to expect all businesses, everywhere and every time, to take actions on their own. This is why the significance of this ongoing effort towards a legally binding instrument, that outlines responsibility of businesses to respect human rights and contribute to sustainable development, cannot be overemphasized. 📽️: United Nations Human Rights Full statement: https://lnkd.in/dcYf8QQM

19 Comments

Transcript

While progress has been made in integrating human rights into business practices, there are still significant challenges. Many business enterprises still fail to respect human rights across their global supply chains. Child labour, modern slavery, environmental pollution, greenwashing and other human rights abuses continue to undermine the dignity and livelihoods of millions of people, especially those persons in more vulnerable situations. Excellencies, we must recognize that businesses, especially transnational corporations, wield enormous power and influence. It is therefore naive to expect all businesses, everywhere and every time, to take actions on their own. This is why the significance of this effort towards a legally binding instrument that outlines the responsibility of businesses to respect human rights and contribute to sustainable development cannot be over emphasized.

kheira abdelsadok

3mo

Congratulations

2 Reactions

Chukwuma Onyekwelu

WUNDERBAR Global Legal Practice®

3mo

Congrats Prof. Well articulated! Human rights due diligence (HRDD) is a management tool that allows enterprises to uphold their responsibility to respect human rights as outlined in the UN Guiding Principles on Business and human rights, the ILO Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy (MNE Declaration) and the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct. Practitioners in this field should do the necessary advocacy to ensure awareness and compliance.

6 Reactions

Yinka Oloruntogbe

Assistant Chief State Counsel at Federal Ministry of Justice

3mo

Well done Prof! Keep shining light on these global issues that affects us all. Hope to work with you sometimes in the nearest future sir.

1 Reaction

Chinedu Collins Aguocha

International Law | Human Rights | Climate Change | Dispute Resolution | Democracy

3mo

The coming into fruition of such a legal framework will mark a milestone in the development of human rights. It will take collective effort. Human rights is not a privilege to be hoped for, but a claim to be fought for.