Launched last July, the National Business and Human Rights Pact is a tool to support companies in implementing due diligence in their value chain. It is based on the United Nations Guiding Principles on Business and Human Rights.
By joining the pact, companies commit to respecting human rights, appointing a human rights officer, training relevant employees, and publishing a standardised report on the measures implemented. If necessary, companies will receive tailored support and individualised, confidential feedback on their report from an external expert, enabling them to make continuous improvements in the area of human rights. The first reports are expected in 2023.
The benefits of implementing due diligence are multiple for the company: better risk management, greater understanding and transparency of the value chain, improved governance, resilience, reputation management, competitive advantage, etc.
The pact commitments also aim to usefully prepare companies for the forthcoming publication of the EU Directive on due diligence and corporate responsibility (Resolution P9 TA(2021)0073).
25 companies have already confirmed their commitment. Join them by signing up to the pact, just fill in the form by following this link: https://gd.lu/71jTgL
Detailed information on the pact can be found on the website dedicated to companies: https://gd.lu/b3njr3
The first training courses on due diligence will take place at the House of Training on 7 and 12 October:
Please note that the leaders of companies adhering to the Pact will be invited to an official signing ceremony in autumn in the presence of the Minister of Foreign and European Affairs.