Warsaw, October 2019 from 09:30 to 17:30
On October 17th, 2019 an all-day multi-stakeholder consultation was co-organized by PIHRB and Shift. It formed part of the three-year Valuing Respect project* aimed at developing better ways to evaluate business respect for Human Rights and led by Shift – a global collaborative platform to research and co-create better ways of evaluating business respect for human rights.
The aim of the consultation gathering 32 experts from Central and Eastern Europe was to contribute to the development of new indicators, principles and tools to measure business respect for human rights – the essence of companies’ social performance.
In the first 18-months of the project the project team has engaged with hundreds of people from business, civil society, government and the investment community. Consultations were held in Europe, South-East Asia, Sub-Saharan Africa and North America. And, together with project’s three regional partners, including Polish Institute of Human Rights and Business, empirical research was conducted to identify the problems with how business currently measures corporate human rights performance.
As the project evolves consultations provide an opportunity to test with stakeholders some emerging propositions concerning new ways of thinking about evaluating companies’ human rights performance and draft indicators for:
a) evaluating a how far companies embed respect for human rights into their “leadership governance; and
b) supporting companies and their stakeholders focus on human rights risks inherent in business models.
c) New methods and management tools to support practitioners evaluate company how effective company efforts are in achieving better outcomes or people.
d) Initial ideas about the role of accounting in capturing value created from business respecting human rights.
* You can find updates about the project at www.valuing-respect.org. The project is generously funded by the Ministry of Foreign Affairs Finland, the Norwegian Ministry of Foreign Affairs, and Norges Bank Investment Management.