Norton Rose Fulbright and the British Institute of International and Comparative Law (BIICL) have collaborated on a joint study (the Study) comprising academic research, an anonymous survey and interviews with business representatives, with the aim of clarifying issues of law, principle and practice in the area of human rights due diligence.
Business and human rights represents an evolving area of risk for businesses which is assuming an increasingly legal dimension. As in many other areas, the prudent response is due diligence. Indeed, many businesses already conduct due diligence in a variety of contexts, including mergers & acquisitions and project finance. However, the nature of human rights due diligence is different from the due diligence that companies are used to conducting.