In this episode of "Vienna Calling," I am thrilled to welcome Liping Mian, a dedicated human rights activist with extensive experience in the intersection of business and human rights. Our conversation dives deep into the evolution of corporate responsibility regarding human rights since the UN Human Rights Council endorsed the UN Guiding Principles on Business and Human Rights in 2011. Liping reflects on her journey from serving as the youth representative at the International AIDS Conference to studying human rights in Paris, and how her experiences have shaped her understanding of this crucial topic. During our discussion, Liping highlights the progress made in integrating human rights into business practices. She notes that, historically, corporate sustainability teams were small, and dedicated professionals focusing on human rights were rare. However, the landscape has shifted dramatically, with many companies now embedding sustainability into their core strategies. This includes recognizing and addressing human rights matters in their sustainability reporting. The increasing number of professionals focused on these issues demonstrates a growing commitment within the corporate sector to uphold human rights throughout their operations and supply chains. While acknowledging these advancements, we also explore the ongoing challenges that persist in the field. Liping emphasizes that the guiding principles and frameworks surrounding business and human rights are largely voluntary, leading to inconsistent implementation across different jurisdictions. The role of governments is critical in developing and enforcing policies that require businesses to adhere to human rights standards. However, challenges arise when government commitments to human rights are overshadowed by economic priorities, resulting in businesses often deprioritizing human rights issues. We examine the implications of this dynamic, especially in high-risk industries like mining, where neglecting human rights can lead to severe violations impacting vulnerable communities. Our conversation transitions to the European Union's Corporate Sustainability Reporting Directive (CSRD), which was implemented to enhance accountability through mandatory sustainability reporting. Liping explains how the CSRD requires companies to report transparently on their sustainability impacts, extending its reach to over 50,000 companies, including those outside the EU. This is a pivotal step toward ensuring that businesses not only acknowledge their human rights responsibilities but also commit to meaningful actions. Nonetheless, Liping cautions that mandatory reporting is just a starting point and must be coupled with robust implementation to effect real change. We further discuss the various stakeholders involved in advancing the agenda of human rights in business. Governments, investors, civil society, and end consumers each play a vital role in holding companies accountable. Governments can create policies that incentivize compliance or penalize violations, while investors can support businesses that prioritize sustainability. Liping emphasizes the importance of civil society and affected communities in advocating for their rights and creating pressure on corporations to act responsibly. Additionally, she highlights the unique power of end consumers in driving demand for ethically produced goods and advocating for corporate accountability. As we wrap up our enlightening conversation, we touch on the newly adopted Corporate Sustainability Due Diligence Directive by the EU and the forthcoming global discussions in Geneva concerning a comprehensive international framework for business and human rights. Both Liping and I express optimism about the potential for these initiatives to truly transform how businesses operate concerning human rights, and we commit to staying engaged in this ongoing dialogue. This episode encapsulates a crucial discourse on the intersection of business, rights, and the continuous efforts needed to ensure that human dignity is respected in every corner of the corporate landscape.
00:00:10 Introduction to Business and Human Rights
00:01:09 Business and Human Rights Trends
00:06:22 The EU's Corporate Sustainability Reporting Directive
00:09:22 The Role of Stakeholders in Accountability
00:12:30 New Developments in EU Regulations
