March 2004   VOLUME XXV ISSUE 2  
HOME
TOPICS
FROM OUR GLOBAL NETWORK
MEMBER AND STAFF NEWS
UPCOMING EVENTS
CONTENTS
U.S. Must Not Become World's Antitrust Regulator, Business Tells Supreme Court
Mobilizing Chambers for International Business
USCIB Applauds FTAs With Morocco and Australia
A Timely ILO Report Card on Globalization
UN to Review Proposed Code on Human Rights for Business
ISO to Debate International Standard on Corporate Responsibility
USCIB Launches Young Arbitrator Forum
OECD Workshop Looks for New Ways to Curb Spam
World Economic Confidence at Its Highest in Ten Years


NO DUTY - NO TAXES
NO HASSLE!

 

SUBSCRIBE

Enter your email address in the box below to receive an email each time we post a new issue of our newsletter:


Add Remove
Send as HTML
 

ARCHIVE
February 2004
February 4, 2004
Vol. XXV Issue 1
December 2003 - January 2004
December 3, 2003
Vol. XXIV Issue 10
UN to Review Proposed Code on Human Rights for Business

The United Nations Commission on Human Rights will review for the first time a proposed code on the human rights responsibilities of business, at its session beginning March 15 in Geneva.

The draft code was developed by an independent advisory group known as the Subcommission on the Promotion and Protection of Human Rights. A five-member drafting group, comprised of subcommission members from Cuba, Korea, Russia, Senegal and the United States, developed the code over the course of two years and submitted it for review by the 53 governments on the Commission on Human Rights in August 2003.

USCIB, working with the International Chamber of Commerce and the International Organisation of Employers, has registered strong concerns with the draft – not on human rights grounds, but rather because of legal and procedural questions. The major problem is that the code would represent a fundamental shift in responsibility for protecting human rights – from governments to private actors, including companies – effectively privatizing the enforcement of human rights laws.

In addition, the draft code would create vague and conflicting requirements for companies, and would in some areas contradict national laws. Finally, the drafting group produced the code in a very closed process that presented few opportunities for business input. Indeed, business comments that were submitted were completely ignored.

Indications are that members of the Commission on Human Rights shares at least some of these substantive and procedural concerns. It will therefore likely decline to approve or reject the proposed code during its upcoming session, but will instead send it back to the subcommission for further study and discussion.

à More at: Click Here.

USCIB Committee Reviews CSR Reporting – February’s meeting of USCIB’s Corporate Responsibility Committee focused in part on the trends, challenges and opportunities facing companies in the area of corporate reporting. Katie Fry Hester, an advisor for stakeholder engagement with SustainAbility, was a special guest. Outside of a small group of social investment groups, little interest exists in such reports, which may explain the slow increase in such reporting. So internal audiences continue to be the primary audience for corporate reports. Moreover, internal and external audiences expect very different types of reports, which is leading to the development of multiple reporting formats in place of a single annual report. Reporting has become a more urgent issue as countries begin mandating that companies report non-financial information, and the European Commission begins another review of EU policies on CSR that will almost certainly include reporting. Members at the meeting – which was chaired by Gene Endicott (Agilent) and hosted by IBM’s Washington office – also reviewed a number of other international initiatives on corporate responsibility, including the UN Global Compact, the OECD Guidelines for Multinational Enterprises, and the forthcoming EU Communication on CSR.


[PRINTER FRIENDLY VERSION]
Published by USCIB Communications
Copyright © 2004 USCIB . All rights reserved.
This newsletter is intended for informational use only and should not be construed as an authoritative statement of USCIB views or policy.
TELL A FRIEND
Created with eNewsBuilder