Submitted by: Global Reporting Initiative
Posted: Sep 23, 2008 – 10:45 AM EST
AMSTERDAM. - September 23, 2008 - Marking sixty years since the adoption of the Universal Declaration of Human Rights, three leading organizations are launching a new initiative to foster greater integration of human rights principles into corporate sustainability reporting. The project - Human Rights: A Call to Action - is co-led by Realizing Rights: The Ethical Globalization Initiative, headed by former UN High Commissioner for Human Rights Mary Robinson; The Global Reporting Initiative (GRI), developers of the world's most widely used sustainability reporting framework; and the United Nations Global Compact (UNGC), the world's largest global corporate citizenship initiative.
Companies are being called to make a commitment to measuring and publicly reporting on human rights as a business issue.
Significant progress has been made by many corporate leaders in understanding the relevance of human rights to business since the Universal Declaration turned 50 a decade ago. Initiatives like the UN Global Compact have helped highlight the links between human rights and business issues such as managing legal and operational risk and reputation, meeting shareholder and stakeholder expectations and maintaining and motivating staff performance. The GRI G3 Guidelines – the world's most widely-used sustainability reporting framework - have, since their launch in 2006, provided the means for companies to publicly disclose their sustainability performance, including on human rights issues – information that is increasingly demanded by investors, consumers, employees and other stakeholders.
The project aims to significantly improve understanding of how and why to publicly disclose policies and practice relating to human rights and how to embed this better understanding into global reporting standards.
Mary Robinson, former UN High Commissioner for Human Rights, Global Compact Board member and President of Realizing Rights said:
Ernst Ligteringen, Chief Executive of the Global Reporting Initiative said:
About the Global Reporting Initiative (GRI) - has pioneered the development of the world's most widely used sustainability reporting framework and is committed to its continuous improvement and application worldwide. This framework sets out the principles and indicators that organizations can use to measure and report their economic, environmental, and social performance. (www.globalreporting.org)
About the United Nations Global Compact - Launched in 2000, the UN Global Compact brings business together with UN agencies, labour, civil society and governments to advance ten universal principles in the areas of human rights, labour, environment and anti-corruption. Through the power of collective action, the Global Compact seeks to mainstream these ten principles in business activities around the world and to catalyze actions in support of broader UN goals. It is the world's largest voluntary corporate citizenship initiative, with over 5,000 signatories based in more than 120 countries. (www.unglobalcompact.org)
About Realizing Rights: The Ethical Globalization Initiative - founded by Mary Robinson, former President of Ireland and former UN High Commissioner for Human Rights, Realizing Rights convenes key stakeholders in new alliances to integrate human rights, gender equality and enhanced accountability into efforts to address global challenges and governance shortcomings. (www.realizingrights.org)
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