Companies face increasing scrutiny of their social and environmental performance from consumers, communities, workers, governments and investors. Business leaders are being urged to consider the needs of society at large and of all “affected stakeholders”, as well as their shareholders. This is becoming more apparent for corporate boards, which can play a key role in supporting human rights, especially at times of crisis.
This timely guidance note for boards, produced by the World Economic Forum’s Global Future Council on Human Rights, offers practical advice for senior executives on how to effectively oversee human rights by identifying, and then engaging with, affected stakeholders. An accompanying report offers a deeper dive and insights from senior business and civil society leaders.