News

UN takes steps towards a binding treaty on business and human rights

Global Compact Network Australia | June 27, 2014

The UN Human Rights Council has reaffirmed its commitment to the UN Guiding Principles on Business and Human Rights. In June, member states adopted a resolution to extend the mandate of the UN Working Group on Business and Human Rights for three more years and encourage member states to adopt national action plans to implement the UN Guiding Principles.

Two further resolutions were also passed:

  1. to establish an intergovernmental working group to elaborate on a binding treaty in relation to business and human rights; and
  2. to launch a consultative process to consider legal and practical measures to improve access to remedy for victims of business-related abuses, including the benefits and limitations of a binding treaty.

Rachel Nicolson, a Director of the GCNA and Partner at Allens discusses these resolutions and how they may impact business in more detail here.

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