Human Rights Due Diligence (HRDD) is essential for businesses operating within the European Union (EU) to ensure they address human rights impacts in their value chains. Our new 'HRDD: Navigating EU Regulatory Requirements' whitepaper outlines the EU regulatory frameworks mandating companies to integrate human rights considerations into their corporate strategies, and essential first-step actions for businesses
Key Regulations
Implementation Approach
1. Embedding HRDD in Corporate Governance:
2. Risk Assessment and Mitigation:
3. Stakeholder Engagement:
4. Tracking and Reporting:
5. Human Rights Impact Assessment (HRIA):
7. Value Chain Mapping:
8. Governance and Data Management:
Conclusion
This report provides practical insights and tools for businesses to navigate the complex landscape of EU human rights due diligence regulations. By adopting a pragmatic, integrated approach, companies can build robust, future-proof systems for human rights compliance, ensuring they meet their regulatory obligations and contribute to sustainable business practices.