Time To Act For Fostering Business Respect For Human Rights

In this article I would like to present the recent aspects and issues relating to the emerging field of Business and Human Rights, beginning with a summarized presentation of the emergence and evolution of this field, its relevant institutions and actors, its concepts and basic regulations, its receptions and currently identified challenges and risks. It will be discussed how an internationally accepted framework for preventing and addressing impacts of the business activity on the human rights of individuals emerged, what its general principles are, what purpose it pursues, what “protect, respect and remedy” means in the context of Business and Human Rights, how the annually held United Nations Forum on Business and Human Rights serves the efforts to move the United Nations Guiding Principles on Business and Human Rights from paper to practice, and what were the most recently discussed issues and challenges to foster business respect for human rights, both for the world governments, and the corporate world