Last October for example, Coca-Cola released its first stand-alone Human Rights report, partly as a reaction to the first benchmark. “This increased disclosure is crucial for accountability and for understanding corporate performance on human rights,” the report says. Some, such as Nestle, Gap, Freeport-McMoRan, Mondelez and Tesco are quoted in the CHRB report as reviewing and positively evolving their programmes and policies to manage and report on human rights. The impression of increasing action is backed up by specialist consultancies/advisors such as Freshfields Bruckhaus Deringer and ERM, which have reported demand for human rights support in the wake of the CHRB pilot. More widely, investors such as Union Investment in Germany say that poor company human rights performance, informed by the CHRB and others, can result in exclusion from specific funds.

Source: Forbes May 21, 2018 13:52 UTC