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UN Guiding Principles


In doing so, the WTO would help the Guiding Principles overcome their greatest weakness— their lack of enforceability.


III. CONCLUSION


The above discussions reveals that while the OECD, ILO, the World Bank, and ICC have taken significant steps toward integrating the Guiding Principles into their human rights instruments, the WTO has not made a similar effort. Although the OECD, ILO, IFC, and ICC are well positioned to incentivize TNCs to comply with the Guiding Principles and to provide grievance mechanisms when TNCs fail to comply, their support alone falls short of transforming the Guiding Principles into an enforceable instrument. The WTO, with its strong enforcement mechanism and authori- tative influence over global trade, could arguably take the Guiding Principles to the next step by turning them into the definitive authority on cor- porate social responsibility.


Indeed, with the business community’s strong approval of the Guiding Principles and the influ- ence that the Guiding Principles have already had on other CSR instruments like the OECD MNE Guidelines, the ILO MNE Declaration, and the IFC Performance Standards, the Guiding Princi- ples have the potential to become the singular authoritative CSR standard. If the WTO chooses to join the CSR movement and endorse the Guid- ing Principles, the cohesive support of the inter- national economic community will solidify the Guiding Principles’ position as the preeminent CSR instrument.


.


Endnotes for Integrating the UN Guiding Principles on Business and Human Rights into the International Economic Community:


1 Norms on the Responsibilities of Transnational Corpo-


rations and Other Business Enterprises with Regard to Human Rights, Sub-Commission on the Promotion and Protection of Human Rights, 2003/12, U.N. ESCOR, 55th Sess., U.N. Doc. E/CN.4/Sub.2/2003/12/Rev.2 (2003).


2


Surya Deva, UN’s Human Rights Norms for Transnational Corporations and other Business Enterprises: An Imper-


fect Step in the Right Direction?, 10 ILSA J. INT’L & COMP. L. 493, 497 (2004).


3


Special Representative of the Secretary-General on the Issue of Human Rights and Transnational Corporations and Other Business Enterprises, Protect, Respect and Rem- edy: A Framework for Business and Human Rights U.N. Doc. A/HRC/8/5 (Apr. 7, 2008).


4 Id. ¶ 3. 5


Business and human rights: Beyond the “genocide Olympics”, THE ECONOMIST, (Apr. 24, 2008), available at http://www.economist.com/node/11090045/print?story_ id=11090045.


6 Joint NGO Statement to the Eighth Session of the Hu-


man Rights Council: Third Report of the Special Repre- sentative of the Secretary-General on Human Rights and Transnational Corporations and other Businesses, HUMAN RIGHTS WATCH (May 20, 2008), http://www.hrw.org/en/ news/2008/05/19/joint-ngo-statement-eighth-session-hu- man-rights-council.


7 Id. 8 Human Rights Council Res. 17/4, Rep. of the Hum.


Rts. Council, 17th Sess., June 16, 2011, U.N. Doc. A/ HRC/RES/17/4 (July 6, 2011); Special Rep. of the Sec’y- Gen., Guiding Principles on Business and Human rights: Implementing the United Nations “Protect, Respect and Remedy” Framework, Hum. Rts. Council, U.N. Doc. A/ HRC/17/31 (Mar. 21, 2011).


9 UN Human Rights Council: Weak Stance on Business


Standards, HUMAN RIGHTS WATCH (Jun. 16, 2011), http:// www.hrw.org/news/2011/06/16/un-human-rights-council- weak-stance-business-standards.


10 David Kinley & Junko Tadaki, From Talk to Walk: The Emer-


gence of Human Rights Responsibilities for Corporations at International Law, 44 Va. J. Int’l L. 931, 998 (2004).


11 Steven R. Ratner, Corporations and Human Rights: A


Theory of Legal Responsibility, 111 Yale L.J. 443, 536–37 (2001).


12


See Corporate governance, OECD, http://www.oecd. org/topic/0,3699,en_2649_37439_1_1_1_1_37439,00.html (last visited Apr. 2, 2012).


National Contact Points for the OECD Guidelines for Multinational Enterprises, OECD, http://www.oecd.org/do cument/60/0,3746,en_2649_34889_1933116_1_1_1_1,00. html (last visited Apr. 2, 2012).


13 14 Id. 15 Final Statement by the UK National Contact Point for the


OECD Guidelines for Multinational Enterprises: Afrmex (UK) Ltd (2008), available at http://www.bis.gov.uk/poli- cies/business-sectors/low-carbon-business-opportunities/


ILSA Quarterly » volume 22 » issue 1 » October 2013


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