11.7
State and non-state actors should adhere to applicable ethical standards. They should publicize and monitor the implementation of these standards in the operation of markets in order to prevent corruption, particularly
through public disclosure. |
UN Guiding Principles on Business and Human Rights Pillar 2
The Corporate Responsibility to Respect Human Rights. The UNGPs outline the process through which businesses can identify their negative human rights impacts and demonstrate that their policies and procedures are adequate to address them. To meet the responsibility to respect businesses must a) institute a human rights policy commitment to meet the responsibility to respect human rights; b) undertake ongoing human rights due diligence to identify, prevent, mitigate and account for their human rights impacts and c) have processes in place to enable remediation for any adverse human rights impacts they cause or contribute to. Human rights due diligence (HRDD) refers to the process of identifying and addressing the human rights impacts of a business and includes a) assessments of impacts, including through engagement with groups potentially affected by its operations, b) integration of findings of human rights due diligence processes into policies and procedures, c) verification that this objective is achieved by monitoring and evaluating efforts, and d) communication how human rights impacts are addressed.
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