Since June 2014, an intergovernmental working group (IGWG) has been tasked with elaborating a treaty on transnational corporations and human rights. Ahead of the IGWG’s third session, draft elements were released, offering a basis for discussion amongst States and key stakeholders.
The Global Business Initiative on Human Rights’ (GBI) team has been actively monitoring the IGWG’s work – and the dialogue amongst leading thinkers across the business and human rights movement about the need for and best focus of a business and human rights treaty.
To assist business practitioners to develop a clear understanding of these developments, the GBI team shared two resources in 2014:
GBI shared further thoughts on business engagement with this process during a session of the 2015 UN Annual Forum on Business and Human Rights.
Three years have elapsed since the IGWG commenced work, and the GBI team’s key messages for business remain relevant:
Now is the time to engage. If business leaders have ideas about how an international treaty could help achieve meaningful progress towards the transformative vision of the UNGPs, there are opportunities to contribute to this process.