On Monday, March 13, the Corporate Human Rights Benchmark ("CHRB") will release its inaugural results.
As previously discussed, the CHRB will rank 100 companies on their human rights performance as part of an initial pilot. The companies chosen for the pilot include members of the extractive, apparel, and agricultural sectors. Companies will be assessed in the following areas: governance and policy; systems and processes; performance; responses to allegations; and transparency. Ultimately, the CHRB intends to rank the top 500 globally listed companies.
Notably, a 2014 survey of 853 senior corporate executives conducted by the Economist Intelligence Unit found that, of all possible interventions that could enable them to meet their human rights responsibilities, "a public benchmark" of corporate human rights performance was the top choice.
A livestream of the launch event, which will be held from 9:30 a.m. to 12:00 p.m. GMT, can be accessed here.
To view Foley Hoag's Corporate Social Responsibility Blog please click here
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
