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Corporate Human Rights Policies Still Matter | Opinion

Corporate Human Rights Policies Still Matter | Opinion

Summary

Several major U.S. companies are staying committed to human rights policies despite some setbacks in business responsibility. They continue to support global standards and practices like the U.N. Guiding Principles and maintain systems for addressing human rights issues. However, there are challenges due to political changes and reduced government support.

Key Facts

  • Major U.S. companies in various sectors continue to uphold human rights commitments.
  • These companies adhere to the U.N. Guiding Principles on Business and Human Rights and the International Labour Organization's Core Labor Standards.
  • Firms are performing human rights due diligence and keeping mechanisms for handling complaints.
  • There is increasing concern about companies backtracking on human rights policies due to current political climates.
  • The U.S. State Department's support for business and human rights efforts has decreased, affecting available guidance for companies.
  • Some U.S. government efforts on business and human rights still continue, such as enforcing specific acts against forced labor.
  • Trade agreements announced in October with Cambodia and Malaysia include human rights protections.

Source Information