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Calculated risk: economic versus human rights requirements of corporate risk assessments
[research report]
Corporate Editor
Deutsches Institut für Menschenrechte
Abstract Human rights risk assessments help corporations to identify potential adverse effects of their business activities on human rights in order to avoid them, reduce them or compensate those affected. Corporations differ in their understanding of what constitutes a "risk": a corporate risk assessment is... view more
Human rights risk assessments help corporations to identify potential adverse effects of their business activities on human rights in order to avoid them, reduce them or compensate those affected. Corporations differ in their understanding of what constitutes a "risk": a corporate risk assessment is about potentially adverse effects on returns on investments or operations. This analysis outlines the different concepts of risk in a human rights and in a business context and illustrates the potential impact this discrepancy can have in practice by using the example of a corporate risk assessment in the Colombian coal sector. From this analysis the Institute derives criteria for possible self-regulatory action on the part of state and business, which can make a human rights risk assessment a mandatory requirement for enterprises.... view less
Keywords
economy; enterprise; risk; risk assessment; evaluation; human rights; mining; Colombia; Latin America
Classification
Law
Economic Policy
Economic Sectors
Management Science
Document language
English
Publication Year
2017
City
Berlin
Page/Pages
30 p.
Series
Analysis / German Institute for Human Rights
ISBN
978-3-946499-18-3
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications