Seminar & Events
Business and Human Rights: Understanding Sustainability and Corporate Value
Background and Purpose:
The 2030 Agenda for Sustainable Development seek to realize the human rights of all. For business to maximize its contribution to sustainable development, it must put efforts to advance respect for human rights to avoid adverse impacts thereon. This is the baseline expressed in the UN Guiding Principles on Business and Human Rights. Many states have initiated policy measures to promote responsible business conduct (RBC) and responsible investment and human rights due diligence in global supply chains to address the downsides of globalization. As seen in sustainability clauses in trade agreements, respect to labour and human rights is an essential component in global trade and investment. Principles for Responsible Investment (PRI), which has more than 2,500 institutional investor members, is expected to bring further change in investment market including Japan. Business and Human Rights is becoming more important issue to think and act for mid and long term.
On the other hand, there is an argument that high standards in environment, labour and human rights required by developed countries may limit the potentiality of development and employment opportunities in developing countries. It is said that such high standards may not benefit the interest of consumers in developing countries and even worse they could be non-tariff barriers in trade. Further, laws, regulations and other policy measures in environment, labour and human rights vary from state to state. In reality business operates in a market which is not necessarily “a level playing field”. Environmental consideration and human rights respect may be considered to reduce their business competitiveness. They are likely to burden small medium-size enterprises (SMEs) with costs and affect their business continuity. Does sustainability defined by developed countries conflict with that of developing countries? How does sustainability relate to corporate value?
In this symposium, Prof. Anita Ramasastry, UN Working Group, as keynote speaker will speak about the latest global discussion and policy direction in business and human rights. We will discuss the development in developing countries and business competitiveness in light of consistency with protection of labour and human rights. Together with experts from the World Bank, NGO, business, institutional investor and governments, the symposium will aim to understand the essence of sustainability.
We look forward to having you join us.
March 19, 2020 (Thursday), 13:30～17:00（Registration opens at 13:00）
Ark Mori Building, 5F, 12-32, Akasaka 1-chome, Minato-ku, Tokyo
Simultaneous interpretation in Japanese and English will be available.
IDE-JETRO, The World Bank, The Asahi Shimbun Company
- Non-members: 4,000 yen
- JETRO Members: Free for one participant per one account
- IDE-JETRO Members (corporate and individual): free
- Student: 2,000 yen (please show student ID at the reception)
Outreach Event Division, Research Operations Department, IDE-JETRO