More than half of large companies fail in human rights: stud By account_disabled (Read 29 times)

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A new analysis of 229 of the world's largest companies has found that almost half of them are unable to prove they are protecting human rights, in line with United Nations requirements, with more than a third scoring zero in due diligence. The Corporate Human Rights Benchmark from the World Benchmarking Alliance (WBA) was published on November 16, ranking 30 major automakers and 199 other companies in the sectors of: Agriculture. Fashion. ICT Manufacturing (Information and Communications Technology). Of extraction. Companies receive an overall score calculated using scores on six topics: Management and political commitments. Incorporation of respect and human rights in due diligence. Repair and claim mechanisms. Business practices regarding human rights. Response to serious complaints. Transparency. Across all benchmarks, more than half of respondents provided information demonstrating that they did not comply with the UN Guiding Principles on Business and Human Rights, or did not provide any evidence. Key Study Numbers Some 79 companies scored in the lowest category of the WBA indicators, including Starbucks, Phillips and US retail giant Ross . Other laggards are Prada, Gazprom, Macy's and Target . Progress in the automotive industry was found to be the lowest of all sectors.

The companies obtained an average of 12% in all indicators and no company obtained more than 50%. Mitsubishi, Tesla, Nissan, BYD and Suzuki received below-average scores. The WBA called this trend “deeply worrying” and noted that little or no improvement has been achieved over the past year, despite increasing investor pressure in the context of COVID-19, which has highlighted and Europe Cell Phone Number List intensified the dimensions of social risk. More than half of large companies fail in human rights. Findings 1. The automotive sector is the worst performing sector in the CHRB The average score for automotive companies is 12%, the lowest score for a sector flagged by the CHRB, and lower than the average of 17% of companies that were first evaluated in 2019. Not a single automotive company scored above 50%, and half scored below 10%. Two-thirds of companies scored 0 on all human rights by diligence indicators (B.2). These poor results suggest that UNGP implementation is weak across the sector.



Ford Motors, Groupe PSA and Daimler lead the sector, with scores ranging from 30% to 42%. G reat Wall Motor, SAIC Motor, Chongqing Changan and FAW Car Company were last, with scores below 1%. More than half of large companies fail in human rights 2. Supply chain management is one of the main areas of weakness On average, nine out of ten automotive companies scored 0 points when they demonstrate how they manage risks such as forced labor, child labor, or freedom of association and collective bargaining within their supply chain. 3. A just transition is undermined by a disconnect between human rights and climate issues Human rights and climate change are increasingly understood as issues that are intrinsically linked. UN Secretary-General António Guterres stated earlier this year that the climate crisis presents the greatest threat to our survival as a species, and is already threatening human rights around the world . Likewise, any measures taken to achieve a net zero carbon economy, without consideration of human rights, will only exacerbate existing inequalities and increase the potential for exploitation of already vulnerable groups. 4. Too many companies are failing to meet investor expectations for human rights due diligence Human rights due diligence is the process expected of a company to identify, assess and act on human rights risks.