TIME TO ACT FOR FOSTERING BUSINESS RESPECT FOR HUMAN RIGHTS
TIME TO ACT FOR FOSTERING BUSINESS RESPECT FOR HUMAN RIGHTS

Summary/Abstract: In this article I would like to present the recent aspects and issues relating to the emergingfield of Business and Human Rights, beginning with a summarized presentation of the emergenceand evolution of this field, its relevant institutions and actors, its concepts and basic regulations,its receptions and currently identified challenges and risks.It will be discussed how an internationally accepted framework for preventing andaddressing impacts of the business activity on the human rights of individuals emerged, what itsgeneral principles are, what purpose it pursues, what “protect, respect and remedy” means inthe context of Business and Human Rights, how the annually held United Nations Forum onBusiness and Human Rights serves the efforts to move the United Nations Guiding Principles onBusiness and Human Rights from paper to practice, and what were the most recently discussedissues and challenges to foster business respect for human rights, both for the world governments,and the corporate world.

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