home
frankly speaking podcast

#2 Olena Uvarova & Anita Ramasastry on Due Diligence in Times of War

Listen to Olena Uvarova, Associate Professor at Yaroslav Mudryi National Law University and Anita Ramasastry, Professor at the University of Washington School of Law and former member of the UN Working Group on Business and Human Rights.

Since the start of the Russian war in Ukraine, many European companies have struggled with the challenges of conducting business in the region responsibly. Frankly Speaking has invited Olena Uvarova, Associate Professor at Yaroslav Mudryi National Law University, and Anita Ramasastry, Professor at the University of Washington School of Law and former member of the UN Working Group on Business and Human Rights.

The two leading experts share insights on the role of business in armed conflict, such as how the exit of international companies posed a threat to Ukrainians. They discuss whether there is any justification for business to stay in Russia and the difference human rights due diligence makes in responding to a global crisis, whether it’s a pandemic or an armed conflict.

Topics

  • what is it about business and human rights in a country that is at war and under attack
  • examples of companies acting responsibly and not
  • heightened HRDD
  • complying with sanction is not the same as due diligence
  • role of business in post-conflict situations
  • what difference mandatory rules/due diligence make
  • the future of business and human rights from the Ukrainian perspective

Tune in!

Follow us on Twitter and LinkedIn!

Resources

“We've seen in places like Myanmar and we're seeing in Ukraine, if companies haven't already developed that muscle memory of doing due diligence, it's going to be a problem when a conflict arises. Because to go from ground zero to heightened is going to be very, very challenging. We found that there were companies that didn't know who owned the property they were on, hadn't really examined whether their contracts were with people that had ties to the military. So that's step one, due diligence needs to be there as a framework.”

Anita Ramasastry in Frankly Speaking

You may also like these episodes

37:56

#87 Julia Otten & Andreas Rasche: MEP Vote on EU Sustainability Omnibus – the Verdict

What will Omnibus 1 mean for the future of sustainability reporting in the EU and beyond? Listen to Julia Otten, Senior Policy Officer at Frank Bold and Andreas Rasche, Assistant Dean and Professor of Business in Society at Copenhagen Business School

37:11

#86 Bernard Gouw & Jo Chidley: Will Every Company Become a B Corp?

Is this the start of a B Corps revolution? Listen to Bernard Gouw, Senior Social Standards Manager at B Lab Global, and founder of the natural skincare brand Beauty Kitchen, Jo Chidley

42:33

#85 Sandra Atler & Signe Lysgaard: Your Essential Guide to the New ESRS Sustainability Standards

What do the new revisions to the European Sustainability Reporting Standards actually mean for businesses, and how will they affect the EU's green transition? Listen to EFRAG TEG members Sandra Atler and Signe Lysgaard