Featured In
Governance Research Digest ? September 2012
Summary
An IBE Briefing explores the link between business ethics and human rights with a brief overview of the current business and human rights landscape. It also looks at how businesses seek to respect human rights and avoid human rights violations in their business operations and relationships.
Key Findings
- Attention to human rights has been shown to have a positive impact on business performance through improved stakeholder relations, positive corporate reputation and brand image, and employee motivation and retention.
- ?Doing business ethically? necessarily involves respecting human rights in the course of business operations.
- A company that is wishing to be considered as ethical will need to be mindful of human rights within the responsibilities of business and consistent with local law.
- Although respecting human rights can be considered integral to a business ethics agenda, IBE research (2012) found that only half of FTSE100 companies (52%) explicitly consider human rights in their code of ethics in some way.
- The positive and negative duties to protect human rights are still firmly with national governments.
- However, trends such as globalisation and the increasing presence of multinational corporations, pressures from NGOs, and reputation risk management, has meant there are increasing expectations of business in respecting human rights.
- The Briefing explores how companies are responding to this and the mechanisms they are using to express commitment and avoid human rights violations.
Author(s)
Institute of Business Ethics
Source
PDF report
Source: http://www.csrinternational.org/2012/09/30/business-ethics-human-rights/
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