Benefits of a Positive Position
A positive stance on human rights can:

A positive stance on human rights can:

  •  help a business to anticipate and manage risk more effectively
  •  help a business to respond more effectively to allegations of human rights abuses
  •  enhance a company's reputation for good governance
  •  limit the risk of "sleepwalking" into avoidable controversy
  •  enhance the competitive edge of a company, as consumers put a value on ethical behaviour
  • assist a company to establish operations or continue to operate in areas with poor human rights records by reducing the potential for association with poor practice and subsequent public criticism.

In summary, human rights can have material reputational, operational, financial, and legal implications for a company.

At the same time, the UN Guiding Principles indicate that human rights due diligence can be included in the company' risk management systems, provided that it goes beyond identifying only material risks to the company itself, and thus should include risks to the rights-holders.

Immediately related elementsHow this works
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Sustainable Development Goals Elements Applied to MVSM »Sustainable Development Goals Elements Applied to MVSM
The Universal Declaration of Human Rights  »The Universal Declaration of Human Rights
Cross Cutting Rights »Cross Cutting Rights
UN Framework and Guiding Principles Business and Human Rights »UN Framework and Guiding Principles Business and Human Rights
Protect, Respect and Remedy Framework 2011 »Protect, Respect and Remedy Framework 2011
Guiding Principles on Business and Human Rights »Guiding Principles on Business and Human Rights
Human Rights and Business — risks and impacts »Human Rights and Business — risks and impacts
Benefits of a Positive Position
Financial Risk »Financial Risk
Legal Risk »Legal Risk
Operational Risk »Operational Risk
Reputational Risk  »Reputational Risk
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