Non-profit organisation, Shift and international accountancy firm Mazars has released a guide explaining how companies need to report on their human rights performance.
The United Nations Guiding Principles Reporting Framework has been issued in compliance with the United Nations Guiding Principles on Business and Human Rights (UNGPs) and is the first to offer comprehensive information on the subject.
Development after a consultation and research by the two organisations, the reporting framework has been organised into a series of questions which allow companies to start reporting on their human rights performance, regardless of where they are in the process.
So far companies such as Ericsson, H&M and Unilever have already begun using the reporting framework, and many more are expect to start using it this year.
In a statement, Caroline Rees, president of Shift commented: “The UN Guiding Principles Reporting Framework is a ground-breaking and vital tool for companies to know and show that they are managing risks to human rights effectively throughout their operations and value chain, with the potential for positive impact on millions of peoples’ lives."