How to Develop a Human Rights Policy

Seeks to outline why companies should respect human rights, the principal reasons for adopting a human rights policy, its key components and the good practice processes to develop one. Adopting a human rights policy is a precursor to a companys human rights due diligence towards meeting its responsibility to respect human rights. It sends a clear signal to internal and external stakeholders that the company is striving to embed human rights into its operational policies and procedures and to understand the human rights impacts of the business, both positive and negative. It also signals a commitment to take respect for human rights sufficiently seriously to allocate management time and resources to developing and implementing a policy, including by consulting externally.