The business community is firmly committed to respecting human rights across the world in line with the UN Guiding Principles on Business and Human Rights (UNGPs). It is actively engaged in many initiatives that promote implementation of the UNGPs and similar Government-backed standards, including the OECD Guidelines for Multinational Enterprises and the ILO MNE Declaration. It also carries out numerous activities to support business to make a positive contribution to the Sustainable Development Goals (SDGs) at the international, regional, national and local level.
The following organisations – ICC, the International Organisation of Employers (IOE), Business at OECD (BIAC), and Business Europe – which collectively represent millions of companies around the world, have actively participated in and closely followed the work of the Inter-Governmental Working Group on Transnational Corporations and Other Business Enterprises (IGWG) since its inception in 2014.
This document provides their joint response to the Zero Draft Legally Binding Instrument to Regulate, in International Human Rights Law, the Activities of Transnational Corporations and Other Business Enterprises (“Zero Draft Treaty”) and the Draft Optional Protocol to the Legally Binding Instrument (“Draft Optional Protocol”). These texts were released by the Chair of the IGWG – the Government of Ecuador – for States to negotiate on at the IGWG’s fourth session (15-19 October 2018) and its fifth session scheduled for 2019.