Check out our new blog series on Rights as Usual: "Colonization in, of and through business and human rights"
Check out our new blog series on Rights as Usual: "Colonization in, of and through business and human rights"
Very happy to take part in the "Rule of Law and Corporate Actors Fall Talks Series"
Join us tomorrow to discuss Corporate Due Diligence through the lenses of the rule of law at 1:00 pm CET.
Registration using this link: https://ruleoflawbiz.org/rule-of-law-and-corporate-actors-fall-talks-series/
Companies wield different forms of power, from imposing restrictions on human rights to safeguarding democracy. However, their exercise of power must be governed by the rule of law. This article introduces the Fall Talks series, focusing on the rule of law and corporate actors.
Important blog on the BHR treaty and the future corporate sustainability due diligence directive.
#BHR #BHRE #bizhumanrights #CSDDD #EULaw #EU #UN #duediligence #HRDD #mHRDD #UnitedNations @pil
Super happy to share our new short article "Private equity: when big profits come at a heavy price for human rights" published today in The Conversation.
#humanrights #bhr #bhre #bizhumanrights #PrivateEquity #finance #HRDD #mHRDD
Check out our new #openaccess paper on "Business strategy as human rights risk: the case of private equity".
With the fab @DavidBirchall we argue that the PE model contains serious risks to rights of workers and others, and that the model should be addressed specifically in emerging mHRDD laws.
#bizhumanrights #bhre #bhr #hrdd #mHRDD
https://link.springer.com/article/10.1007/s12142-023-00680-w?s=09
In this article, we apply the UN Guiding Principles on Business and Human Rights to the private equity (PE) business model. PE firms often adopt a controversial, ‘value extractive’, business model based on high debt and extreme cost-cutting to generate investor returns. PE firms own large numbers of companies, including in many rights-related sectors. The model is linked to increased human rights risks to workers, housing tenants, and in privatized health and social care. We map these risks and analyse the human rights responsibilities of PE firms. Our analysis has major implications for understandings of human rights responsibility. We argue that value extractive methods are the root cause of eventual harm to human rights, even though they may not harm rights directly. To respect human rights, PE firms must mitigate the risks of these value extractive methods. We define how human rights due diligence (HRDD) could achieve this and argue that given the extent of harm and the lack of a business case for adopting such a view of human rights responsibility, business strategy level HRDD should be a core component of forthcoming HRDD laws.
"Earthquakes didn't kill thousands of people, buildings did".
Please read @betulkaragedik 's blog : Examining the #Earthquakes in #Turkey from the Perspective of Business and Human Rights. #bizhumanrights #BHR #BHRE #mHRDD #HRDD
Dr @OlenaUvarova is now live on Linkedin talking about Reframing Human Rights Due Diligence in #Ukraine
https://www.linkedin.com/video/event/urn:li:ugcPost:7032020081056337920/