We recommend that boards should follow five steps to ensure that their company is fulfilling its responsibility to respect human rights in a robust and coherent manner that meets the expectations of the UN Guiding Principles and UK statutory reporting obligations. Boards should be aware of the company’s salient, or most severe, human rights risks, and ensure the company:
1.
embeds the responsibility to respect human rights into its culture, knowledge and practices
2.
identifies and understands its salient, or most severe, risks to human rights
3.
systematically addresses its salient, or most severe, risks to human rights and provides for remedy when needed
4.
engages with stakeholders to inform its approach to addressing human rights risks, and
5.
reports on its salient, or most severe, human rights risks and meets regulatory reporting requirements
Last updated: 16 Aug 2019