What is the business case for human rights?
There is real value for a company that embeds human rights considerations into its core business practices. And there are real costs for a company that does not take human rights into account. Embedding human rights helps a company manage business risks by: • highlighting human and environmental risks before technical or investment decisions are made • reducing cost burdens associated with labour disputes, security issues and stakeholder damage control • reducing the risk of litigation, including for allegations of complicity in human rights breaches • safeguarding reputation and brand image • improving governance • strengthening a company’s social licence to operate through stronger relationships with governments, business partners, NGOs, local communities, trade unions, sub-contractors and suppliers • preventing complaints to the Australian Human Rights Commission or the OECD National Contact Point Embedding human rights creates new business opportunities by: • increasing staff loyal
