Benefits to business and society of integrating human rights into business practice |
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COMMERCIAL BENEFITS | SOCIAL BENEFITS |
Enhanced corporate reputation and brand image More secure licence to operate Improved employee recruitment, retention, motivation Diminished employee unrest, increased productivity Improved stakeholder relations Reduced risk of consumer protest, boycotts, adverse publicity Reduced security risks and associated costs – reduced material losses, lower insurance premiums, reduced security forces More sustainable relationships with business partners, sub-contractors, suppliers Improved risk assessment and management Improved investment climate Strengthened shareholder confidence Competitive advantage over other companies not yet adopting human rights policies
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Strengthening the rule of law through application of international human rights standards Strengthening capacity of civil society organisations through dialogue and partnership Encouraging other domestic and transnational companies in the sector/region to follow example of responsible business practice and corporate leadership Increased trust between community groups and company through consultation and partnership activities Opportunity for fair representation of different community groups’ views and concerns can strengthen social cohesion Decline in social unrest, conflict, violent sabotage More stable employment opportunities Greater potential for sustainable socio-economic development
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The above material is extracted from chapter 1.2 ("The business case") of: Human rights -- is it any of your business? Amnesty International UK Business Group / Prince of Wales Business Leaders Forum [now International Business Leaders Forum], Apr. 2000, p. 25. © April 2000 Amnesty International UK and The Prince of Wales Business Leaders Forum |