Book contents
- The Cambridge Companion to Business & Human Rights Law
- Cambridge Companions to Law
- The Cambridge Companion to Business & Human Rights Law
- Copyright page
- Contents
- Figures and Tables
- Contributors
- Preface
- Cases
- Abbreviations
- 1 Business and Human Rights
- 2 Reconciling International Human Rights with International Trade
- 3 Neoliberalism, State-Capitalism and European Ordo-Liberalism
- 4 Corporate Governance and Corporate Social Responsibility
- 5 The Role of Business in International Development and the Attainment of the Sustainable Development Goals
- 6 The Business Case for Human Rights
- 7 The UN Guiding Principles on Business and Human Rights and Its Predecessors
- 8 The Regulatory Framework of Multinational Enterprises
- 9 The UN Global Compact and the OECD Guidelines for Multinational Enterprises and Their Enforcement Mechanisms
- 10 Taxation and Business
- 11 Corporate Accountability for the Natural Environment and Climate Change
- 12 Corporate Accountability for Corruption and the Business Case for Transparency
- 13 Disability, Business and Human Rights
- 14 Gender, Business and Human Rights
- 15 The Business Sector and the Rights to Work and Just and Favourable Conditions of Work
- 16 Responsible Lending
- 17 Business and Human Rights Approaches to Intellectual Property
- 18 The Role of Human Rights in Investment Law and Arbitration
- 19 The Use of International Arbitration Tribunals for Business and Human Rights Disputes
- 20 Innovative Contractual Remedies with Indigenous Peoples
- 21 The Role of Ethics in Corporate Human Rights Impact Assessments
- 22 Addressing Human Rights Impacts in Sustainability Reporting
- 23 Leveraging the Consumer-Led Movement to Strengthen Sustainable Business
- 24 The Structural Complexity of Multinational Corporations and the Effect on Managing Human Rights Risks in the Supply Chain
- 25 Towards a UN Business and Human Rights Treaty
- Index
22 - Addressing Human Rights Impacts in Sustainability Reporting
Published online by Cambridge University Press: 10 September 2021
- The Cambridge Companion to Business & Human Rights Law
- Cambridge Companions to Law
- The Cambridge Companion to Business & Human Rights Law
- Copyright page
- Contents
- Figures and Tables
- Contributors
- Preface
- Cases
- Abbreviations
- 1 Business and Human Rights
- 2 Reconciling International Human Rights with International Trade
- 3 Neoliberalism, State-Capitalism and European Ordo-Liberalism
- 4 Corporate Governance and Corporate Social Responsibility
- 5 The Role of Business in International Development and the Attainment of the Sustainable Development Goals
- 6 The Business Case for Human Rights
- 7 The UN Guiding Principles on Business and Human Rights and Its Predecessors
- 8 The Regulatory Framework of Multinational Enterprises
- 9 The UN Global Compact and the OECD Guidelines for Multinational Enterprises and Their Enforcement Mechanisms
- 10 Taxation and Business
- 11 Corporate Accountability for the Natural Environment and Climate Change
- 12 Corporate Accountability for Corruption and the Business Case for Transparency
- 13 Disability, Business and Human Rights
- 14 Gender, Business and Human Rights
- 15 The Business Sector and the Rights to Work and Just and Favourable Conditions of Work
- 16 Responsible Lending
- 17 Business and Human Rights Approaches to Intellectual Property
- 18 The Role of Human Rights in Investment Law and Arbitration
- 19 The Use of International Arbitration Tribunals for Business and Human Rights Disputes
- 20 Innovative Contractual Remedies with Indigenous Peoples
- 21 The Role of Ethics in Corporate Human Rights Impact Assessments
- 22 Addressing Human Rights Impacts in Sustainability Reporting
- 23 Leveraging the Consumer-Led Movement to Strengthen Sustainable Business
- 24 The Structural Complexity of Multinational Corporations and the Effect on Managing Human Rights Risks in the Supply Chain
- 25 Towards a UN Business and Human Rights Treaty
- Index
Summary
Reporting is an essential instrument for organizations to understand the impacts of their decisions and operations on people and the planet. Addressing the most serious corporate impacts on sustainability by means of reporting effectively creates an accountability mechanism that helps organizations embed critical issues such as human rights into their business practices and at the core of their strategy. Through the means of reporting, organizations identify their sustainability risks and impacts and are encouraged to be accountable for them. Reporting contributes to internal awareness and understanding of possible negative impacts, as well as the means to mitigate them while maximizing the positives. This accessibility of information enables informed decision-making by stakeholders, including civil society, investors, customers and regulators. Consequently, businesses are more inclined to avoid or limit negative impacts and hence strive to improve performance. Ultimately, effective reporting plays an important role in a company’s success, as it responds to its stakeholders’ needs for transparency and information. This chapter presents an overview of the sustainability reporting process, draws lessons from current practices on human rights reporting, and provides recommendations for (future) practitioners, presenting a snapshot of current challenges and practical thinking.
- Type
- Chapter
- Information
- The Cambridge Companion to Business and Human Rights Law , pp. 502 - 530Publisher: Cambridge University PressPrint publication year: 2021