Business & Human Rights Risk
Business & Human Rights Risk
Every business bears a responsibility to uphold human rights. The repercussions of involvement in or association with human rights violations are severe, including reputational damage, financial ramifications, and potential legal consequences. Prudent management of human rights risks not only supports a sustainable business model but also has the potential to enhance commercial performance.
There is a growing demand from various stakeholders—including governments, consumers, employees, markets, and investors—for businesses to demonstrate respect for human rights. While adopting a responsible business model aligned with international standards is crucial, it's equally important to manage human rights considerations within the framework of legal requirements and associated risks.