Excerpt
The root cause of the business and human rights predicament today lies in the governance gaps created by globalization – between the scope and impact of economic forces and actors, and the capacity of societies to manage their adverse consequences.
There is no single silver bullet solution to the institutional misalignments in the business and human rights domain. Instead, all social actors – States, businesses, and civil society – must learn to do many things differently. But those things must cohere and become cumulative, which makes it critically important to get the foundation right.
Citations
Sherman, John. "Beyond CSR: The Story of the UN Guiding Principles on Business and Human Rights." Working Paper No. 71. CSR Initiative at the Harvard Kennedy School, March 2020.