EU envoy: Human rights beneficial for businesses - BusinessMirror

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EU envoy: Human rights beneficial for businesses - BusinessMirror
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Alongside governments and civil society, businesses play a significant role in promoting human rights, having the ability to drive equality not just in the work place, but in the community.

“COUNTRIES with a higher degree of respect for human rights have [better], more sustainable economic growth rates, and higher levels of human development.

Ambassador Luc Véron of the EU delegation emphasized the corporate sector’s huge responsibility in the area of human rights, as he underlined the opportunities respect of human rights can bring for business. The bloc ascribes to multilateral instruments in the responsible conduct of human rights anchored on the business sector’s compliance with international standards on human rights in the work place.

“Human rights are also part of the wider EU foreign policy through its trade initiatives,” Dupuis explained. “For instance, the trade and sustainable-development chapters of EU free-trade agreements contain commitments to ratify and [roll out] core International Labour Organization conventions, and to promote responsible business practices.

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