‘Since the adoption of the UN Guiding Principles on Business and Human Rights in 2011, human rights due diligence requirements are progressively finding their way into hard law, for instance, in reporting and compliance regulations. Examples of recent regulatory developments include the EU Directive on non-financial reporting, the UK Modern Slavery Act 2015, and section 1502 of the US Dodd-Frank Act. Proposals relating to mandatory human rights due diligence have been initiated in the EU, France and Switzerland, and the UN Human Rights Council has now appointed an intergovernmental working group to explore the possibility of a binding treaty on business and human rights.’
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Halsbury’s Law Exchange, 17th June 2015
Source: www.halsburyslawexchange.co.uk
