Update on Good Business Implementing the UN Guiding Principles on Business and Human Rights

The update (amending the Companies Act of 2006) seeks to communicate the achievements made so far, reflect the development internationally, set out the role needs to play to support the objectives, and support this role by outlining provisions of remedy.

Issuer name

Secretary of State for Foreign and Commonwealth Affairs

Government ministry

Finance/Treasury

More information

There are positives to the updated Plan. In particular, it is pleasing to see a loose commitment to considering human rights impacts of free trade agreements. Likewise, there is welcome continued financial support afforded for worthwhile projects such as the Equality and Human Rights Commission’s Business and Human Rights Guide for Boards. However, the Plan appears to reflect a move towards looking at the work that Government can fund on business and human rights, rather than matching this with a focus on its own day to day business.Howver,

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

ESG coverage- S (Social)

Human Rights, Employment Conditions, Policies and Practices

ESG coverage- G (Governance)

Ethics & Integrity

ESG coverage- Eco (Economic & General)

Procurement and Supply Chain Management

Status

Current

Country

United Kingdom

Region

Europe

Date of publication

2016

Issuer type

Governments (governmental department, agency)

Reporting requirements

Other e.g. action plan, strategy, programme, voluntary initiative

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

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