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July Monthly Briefing: Heightened Focus on Human & Labour Rights

Our views on what matters

Our focus this month is on human and labour rights – earlier this year our forward-looking Actions for Business reportanticipated growing interest in the topic. This has proved timely, given the evident challenges in switching to a “green tech" future at the speed governments say they want.

A case in point is accessing essential metals and minerals in the volumes implied in transition plans: we report on the labour rights issues in mining for cobalt in the Democratic Republic of the Congo. On the wider human rights agenda, our guest contributor is scathing about how few companies have gone beyond platitudes, to the extent of examining their business models – the result being that soft expectations among stakeholders are turning in hard law regulations by governments (such as the coming EU due diligence directive). In response, my colleagues offer a four-step approach for practitioners wanting to get a grip on this agenda.

Wider still, is what this green transition really means for people who are impacted – or as the Paris Agreement also calls it, climate justice. This is usually seen in terms of the impact on jobs and livelihoods from a shift in technology, but has broader implications too. It’s no coincidence, therefore, that this month we are publishing our own report, Getting your business ready to drive a Just Transition. After reviewing the issues at stake and setting out a business case, it spotlights three sectors through case studies and offers an agenda for action around assessing, engaging, acting and amplifying.

Our own research confirms other studies in showing that only a small minority of businesses are even looking at this question. Perhaps they are leaving it to governments. Trouble is, those are under pressure too, whether from gilets jaunes protesters in France, farmers in the Netherlands or motorists in suburban London. Everyone is learning that counting molecules of CO2 or NOx is the easy part – helping people through the change is much, much harder.

Mike Tuffrey

The true cost of cobalt: how can electric vehicles help drive a more Just Transition?


The nickname “Blue Gold” suggests wealth, extravagance and prosperity – and indeed, many companies that have hopped on the cobalt train, are reaping such rewards. But no treasure comes without a price, and cobalt is costing lives.

Read More

Getting your business ready to drive a Just Transition


At Corporate Citizenship, part of SLR, we are helping companies understand what a Just Transition means for their organisations. In this report, we outline the most recent thinking on that role, and suggest how businesses can take action.

Download the report
 

Pressure to address human rights is increasing. Are companies prepared to meet the new demands?


Addressing human rights brings many challenges: regulations are changing rapidly, human rights cover a wide range of topics, global companies with human rights impacts will span geographies with differing regulatory jurisdictions.
 
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With regulators and investors demanding action, companies need to get on the front foot with human rights


Action and disclosure by companies on efforts to respect human rights is slowly becoming a hard law requirement, reinforcing the materiality of the issue to corporate boards and their shareholders.

Read More
Upcoming Events

Addressing the elephant in the room - A Corporate Foundation Convening Series: Standardized Impact Measurement

 
Join us on Thursday, 14 September for our third event to discuss the challenges of creating a singular impact measurement strategy.

Register here

ESG BITES: Double Materiality and Enterprise Risk Management – the virtuous cycle


Join us on Wednesday, 27 September to explore the dynamic relationship between double materiality and enterprise risk management processes.

Register here
 
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Disclaimer
Every possible effort has been made to ensure that the information contained in this publication is accurate at the time of going to press, and the publishers and author cannot accept responsibility for any errors or omissions, however caused. No responsibility for loss or damage occasioned to any person acting, or refraining from action, as a result of the material in this publication can be accepted by the editor, the publisher or author.






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