Transcript Business and Human Rights - Principles for Responsible

Human Rights &
Business
Webinar
Friday, 5 October 2012
Webinar Program
• Speakers
• Jonas Haertle, PRME Secretariat
• Tom Hickey, Hess Corporation
• Anthony Ewing, Columbia Law School and Logos Consulting
• Q&A
• Relevance of HRs to business schools?
• Potential for PRME to advance discussion of HRs in management
education?
Jonas Haertle
UN Global Compact
Head, PRME Secretariat
[email protected]
UN Global Compact
• Objective: Creating a more sustainable and inclusive global economy
• Universally accepted value platform for responsible business practices
• Human Rights,
• Good Workplace practices,
• Environmental standards,
• Anti-Corruption.
• 6,000+ businesses in over 130 countries
• 4,000+ non-business participants
• More than 100 Local Networks
Principles for Responsible
Management Education (PRME)
UN-backed initiative to change the
curriculum, research and learning
methods of management education
based on UN Global Compact/
Corporate Sustainability approach
Launched in 2007
Who Participates
• 450+ business schools/
management-related
academic institutions and
universities from 80+
countries
• 34 of the Financial Times’ top
100 business schools (MBA)
• 38 of the top 65 schools of the
Financial Times’s Masters in
Management programmes
4%
11%
Latin America
13%
North America
6%
Western Europe
10%
23%
Eastern Europe & CIS
Middle East & Africa
Asia
33%
Australia & New Zealand
* As of 25 Sept 2012
PRME’s Value Proposition
•
Framework for Organizational Change
– Six Principles
•
Recognition of school’s efforts to incorporate corporate
sustainability
– Students, Associations, Businesses, etc.
•
Global and local learning communities
– Working Group & Resource
– Regional Meeting & Global Forum
Sharing Information on Progress
Credibility through Reporting at least every 24 months
Credibility through Reporting: Sharing Information on
Progress at least every 24 months
PRME Working Group Projects & Reports
Anti-Corruption
in Curriculum
Change
Poverty, a Challenge for
Management Education
Gender Equality
Tom Hickey
Hess Corporation, NY
Global Compliance and
Human Rights
Solicitor England & Wales
Attorney State Bar California
MBA, University of Strathclyde
Business and
Human Rights
PRME Principle 1 |
We will develop the capabilities of students to
be future generators of sustainable value for
business and society at large and to work for
an inclusive and sustainable global economy.
Business and
Human Rights
Introduction
•
Social and investor expectations to respect human rights
•
To integrate HRs, one first needs to understand what they are
•
Students are multi-national, from all sectors and all functions
•
Academic freedom to analyze, debate and problem solve
•
Inject HRs directly into cross functional management positions
•
Quantify value of HRs on return on investment
Business and
Human Rights
Opportunity for Business
• Prevent operational disruption through HRs strategy
• Potential for significant value erosion or project failure, e.g.:
– Start up business fails to recognize impact of its growth
– Bank overlooks community perceptions of its rights
– How does a plant manager handle a protest
• Balance “legal rights to operate” with “social license to operate”
Business and
Human Rights
Embedding Skills into Business
• Risk analysis, due diligence and project strategy
• Quantifying value of HRs
– Delta between having a HRs strategy vs. not doing so
– Financial and reporting tools enhance credibility
– Incorporating HRs in project execution and operational processes
• International transactions and HRs
– Include HRs language in State level investment agreements
Business and
Human Rights
Some Current Challenges
• Myanmar General License 17
– HRs reporting requirements
• Dodd Frank 1502 and 1504
– HRs in securities regulation
• Kiobel v Royal Dutch Shell
– Defining future for ATS litigation
• Global Reporting Initiative
– Additional scrutiny of HRs & ethics
• Guiding Principles on Business
and Human Rights
– Guidance for Business to respect
HRs
– Defining and applying HRs remain
open to interpretation
Anthony Ewing
Lecturer, Columbia Law School
Partner, Logos Consulting Group
[email protected]
Business and
Human Rights
Recent Developments
• Standards
- UN Framework (2008), Guiding Principles (2011)
• Practice
-
Policies
Due diligence
Managing HR impacts
Reporting
Business and
Human Rights
Education
Growing demand for management education
on business and human rights
• Students
• Managers
• Academics
Business and
Human Rights
Teaching
Teaching business and human rights presents common
challenges.
• Where in the curriculum?
• What content?
• How to teach it?
Business and
Human Rights
Teaching
How to teach human rights to business students?
• Engage skeptics.
• Frame issues.
• Translate language.
• Highlight decision-making.
Business and
Human Rights
Teaching
Business and human rights education can be
integrated in business school curricula.
• Develop new courses and modules.
• Use language and tools.
• Research
Business and
Human Rights
“Students preparing today for careers in
business, law and government should
expect universities to equip them to
understand and navigate the business
and human rights landscape.”
Business and
Human Rights
www.unprme.org
Email:
[email protected]