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Ruggie guidance and the law
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Ruggie Guiding
Principles- integrating
them in business10.05.2011
Introduction
• Number of reasons why the Guiding Principles were not made a treaty
• What is the legal nature of the principles?
• What is soft law?
Harder than law?
• The Guiding principles well grounded in international law
• Cite international principles in almost every principle
• Legal theory that creation and application of law cannot be clearly separated
• Standard setting
Operational principles for companies
• Guiding principles to identify corporate responsibility: Respecting human rightsTake account of impacts Create a policy Internal due diligence Integration into internal processesReporting Remediation of problems
How?
• Addressing strategy
• Addressing risk
• Addressing operations
• What about reporting?
A lesson from Sustainable development
• Companies embracing sustainability
• Strategic reviews
• Procurement
• Supply chain management
• Stakeholder engagement
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