USCIB’s Vice President for Corporate Responsibility and Labor Affairs Gabriella Rigg Herzog is attending this week’s Intergovernmental Working Group on transnational corporations and other business entities with respect to human rights (IGWG) in Geneva. This is the third meeting of the IGWG.
USCIB participated in each of the first two IGWG sessions in 2015 and 2016, which entailed general discussions on issues including the scope and applicability of a proposed binding instrument. On this point, business and key governments stated clearly their view that focusing solely on transnational corporations was not appropriate, and that any future instrument should cover all business entities – in particular national companies. The expectation was set that the third session would entail a discussion of proposed “elements” of what might get included in a binding instrument.
Just three weeks prior to this 3rd meeting, Ecuador released “draft elements” for a binding instrument. In response, Business at OECD, the International Organization of Employers (IOE), the International Chamber of Commerce (ICC) and the Foreign Trade Association have produced a final joint business statement, found here. USCIB, as the U.S. affiliate of IOE, Business at OECD and the ICC, was able to provide substantive input. This statement was shared with the Office of the UN High Commissioner for Human Rights, other business groups abroad, governments and other stakeholders, and it serves as the basis of business’ interventions during the IGWG session this week.
Rigg Herzog will be part of the IOE delegation and will participate in a panel on corporate liability on Wednesday.
As the OECD celebrates 20 years of the Anti-bribery convention and 40 years of the FCPA (Foreign Corrupt Practices Act) this year, the U.S. Department of Justice, the Organization for Economic Cooperation and Development (OECD), and the U.S. Securities and Exchange Commission and Business at OECD will host a conference on “No Turning Back: 40 Years of the FCPA and 20 Years of the OECD Anti-Bribery Convention” on November 9th in New York. USCIB will be represented at this event by Eva Hampl, director for Investment, Trade and Financial Services.
While partnerships are a widely accepted means to complement government policy and implementation, USCIB’s Business Experts Roundtable on Enhancing Impact of SDG Public Private Partnerships (PPP’s), which was held on the margins of the UN General Assembly, zeroed in on the special attributes and expectations relating to such partnerships for SDG implementation.
On the occasion of the high-level opening of the UN General Assembly in New York, USCIB announced new additions and improvements to the Businessfor2030 web platform. USCIB built the platform in 2015 to showcase business engagement on the UN Sustainable Development Goals (SDG’s), and provide a public resource for businesses and others on SDG relevance, process, partnerships and implementation. The Business for 2030 website, www.businessfor2030.org, features new content in two areas: a just-launched “explore by company” page and featured blog posts on the importance and opportunity of UNGA for U.S. business.
