Human rights impact of business activities is one of the hot topics of today. While the discussion has roots as far back as the times of Dutch East India Company (early 17th century), the landscape is still rocky and contentious, and different types of tensions embedded in the discussion are hard to escape.

Human rights issues, particularly within the context of companies’ supply chains, have been broadly recognized. However, since supply chains are increasingly located in Global South, the responsibility of addressing them has been a hot potato few companies have been willing to ‘own’ fully.

The approaches companies have adopted to various human rights challenges they face through their activities are varied, as there is no binding regulation that would steer the companies in these aspects. The United Nations Guiding Principles on Business and Human Rights (UNGPs) were launched in 2011, but still, nine years later, there is little concordance as to the level and means business enterprises implement these guidelines. This has spurred on the growing interest in this topic and given rise to new ideas of how to go about charting the terrain.

Also, Finland has taken a closer look at the Finnish business’ human rights performance in an ongoing SIHTI-project, which has used the Corporate Human Rights Benchmark (CHRB) methodology to obtain a comprehensive and in-depth overview of how Finnish companies are fulfilling their human rights responsibility.

The SIHTI-report will be published on 18 January 2021, and a corresponding publishing event will be streamed online on 26 January at 9-11 am. The event will be held in Finnish, and you can register here.

This interesting podcast, which features discussion between the project research team, discusses both SIHTI, the CHRB-methodology, and human rights questions in relation to business activities in a broader sense. It is hosted by Nikodemus Solitander, Director of Centre for Corporate Responsibility (CCR) at Hanken with guests Jaana Vormisto, Managing Director at FIANT Consulting and Suvi Halttula, Founder and Senior Advisor at 3bility Consulting.

Sustainability Unwrapped: Sustainability and Ethics in the Banking Sector

Hanken PodcastsBy Hanken School of EconomicsNov 02, 2020