Listen to Rachel Davis, Co-founder of Shift.
The Football World Cup in Qatar has just started and Frankly Speaking welcomes Rachel Davis, Co-founder of Shift, the leading center of expertise on the UN Guiding Principles on Business and Human Rights. We reflect on Rachel's role in the development of the Guiding Principles, discuss the EU Council negotiations on the upcoming due diligence legislation, the crucial role of the risk-based approach as well as human rights issues in Qatar and how vital it is for the international community to stay engaged after the final whistle of the FIFA World Cup´s final.
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“Some EU Member States are still on the fence and uncertain about how to make due diligence manageable for companies. "Established business relationships" is a term that confuses the clear focus that a business needs to have on the severity in their value chains and using severity as the basis for principled prioritisation. The good news is that adopting a risk-based approach is the answer to making it manageable.”
There's very little pressure being applied to companies by investors looking at how they're actually behaving and treating human rights as a core business priority. This needs to change.
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.
Germany's NewClimate Institute has produced the Corporate Climate Responsibility Monitor report, evaluating the transparency and integrity of climate pledges of 51 major companies across different sectors and geographies.
