Insight | June 2016 What can you do about human rights in your organisation?
The new CGMA guidance for assessing and protecting human rights, Business and Human Rights: Evolution and Acceptance, has been published in collaboration with the Global Compact Network UK. It was written to set out the context for the rise in importance of human rights issues to business, identifying the areas management accountants should consider in relation to their organisations. Since 2008, when the UN Human Rights Council unanimously endorsed the UN Protect, Respect and Remedy (PRR) Framework, it has been globally accepted that businesses have a responsibility to respect internationally recognized human rights. In 2011, the UN Guiding Principles on Business and Human Rights were released to implement the PRR Framework. While management accountants may not be directly focused on conducting a human rights duediligence process, they should still be aware of what it is and its key role in identifying the company’s human rights risks and impacts, impacting on value. Access the guidance here.
For more responsible business news and developments: Check out the June 2016 edition of Ethical Lens, CIMA’s ethics newsletter, to get up-to-date with the latest developments in corporate responsibility, business ethics and sustainability. This edition features the new code of ethics animation, CGMA’s Joining the Dots report which discusses how to achieve high quality corporate decision making, a new report commissioned by the Valuing your Talent (VyT) partnership which investigates how organisations report human capital, latest news on human rights and the Modern Slavery Act and much more… www.cimaglobal.com/ethicallens