The Importance of Human Rights in the Business World.......!

 The Importance of Human Rights in the Business World.......!







The Importance of Human Rights in the Business World.......!




The Importance of Human Rights in the Business World.......!


The Importance of Human Rights in the Business

                                      World

Introduction

 

Human rights refer to the fundamental rights that every human being is born with. They are the basic pillars of human morality. Today, industry, trade and multinational corporations are growing rapidly all over the world. In the wake of this growth, a situation is emerging where human rights are somewhat hidden. Since business corporations carry out various activities, their actions can directly and indirectly have an impact on human rights.

 

Human rights include fundamental rights such as life, liberty, education, work, equality, freedom of speech, security, and self-determination. The “Universal Declaration of Human Rights” published by the United Nations in 1948 is an important document on human rights.

 

The Business World and Its Development

 

Multinational business corporations play a huge role in today’s world. Technological development, global trade agreements, and decentralized management of workers have brought about major changes in the business world. Due to this, the chances of workers’ rights being ignored are increasing.

  

Business and Human Rights

 

Businesses and industries directly affect human rights in the environment in which they operate, employment opportunities, wages, and safety. Exploitation of workers, overwork, child labor, sexual harassment, and lack of safety in the workplace are some of the major rights violations.

 

For example, workers in factories are entitled to fair wages, safe working conditions, rest periods, and non-discriminatory treatment. It is a well-established fact that without these, a business cannot succeed.

 

   

Important human rights violations

 

1. Child labor: In many countries, businesses employ children for low wages.

2. Sexual and gender-based harassment: Lack of safety in workplaces were

     women work.

3. Wage exploitation: Failure to pay adequate wages for work.

4. Workplace safety: Lack of necessary safety equipment for workers.

5. Exploitation of resources: Excessive use of natural resources in a way that

     harms the environment.

 

  

Responsibility of businesses

 

Businesses must follow the following three key principles:

 

1. Respect for human rights – No action should violate human rights.

2. Action to prevent violations – Develop policies that protect workers’ rights.

3. Action to take responsibility for violations – Take appropriate remedial action if

    mistakes are made.

 

                                              

International Initiatives

 

1. UN Guiding Principles on Business and Human Rights (2011) – An international

     guide for business enterprises.

2. OECD Guidelines for Multinational Enterprises – Guidelines for multinational

     enterprises.

3. ILO (International Labor Organization) Principles – Principles such as fair

     working hours and fair wages for workers.

 

Business becoming friendly

 

In recent times, some companies have realized their social responsibility and taken the following steps:

 

·        Welfare expenses for workers

·        Environmental protection measures

·        Voluntary social work

·        Fair trade agreements

 

·        We should also pay attention to whether the companies from which we buy goods and services respect human rights.

·        We should respond on social media and speak out against human rights violations.

·        Government and legal institutions should firmly establish their control.

 

Why should businesses respect human rights?

 

1. Identity of conduct and ethics:

• When a company respects human rights, it is seen as aware of its social

    responsibility. This creates a good corporate reputation.

 

2. Public trust:

• Companies that pay their employees well, without being forced to work, build

   public trust. This leads to business growth.

 

3. Compliance with the laws of the relevant countries:

• Many countries have legal protections for human rights. Companies that violate

   those laws can be punished.

 

4. Worker productivity:

• When a worker is respected, his or her work and commitment increase. This also increases the company's productivity.

 

  

Human rights violations

 

1. Legal actions:

• Production by children who are above the minimum age for employment,

    making them work without rest during working hours are human rights

    violations. When these are detected, the company will face legal action.

 

2. Loss of customers:

• If information is released that a company is violating human rights, people will

   not buy the company's products. This can lead to a decline in business.

 

3. Widespread reactions:

• Human rights violations can be widely exposed through social media and the

   media. This tarnishes the company's reputation.

 

Important issues related to human rights:

 

1. Child labor:

• Even today, children are employed in many factories. This deprives them of

   them right to education.

 

2. Sexual harassment and violence:

• It is very worrying that incidents of sexual exploitation and intimidation occur in

   workplaces where women and girls work.

 

3. Discrimination based on caste and religion:

• When there is social discrimination in employment or wage conditions, it affects

   human rights.

 

  

Solutions and ways of improvement:

 

1. Human rights policies for companies:

• Every company should develop policies that protect human rights.

 

2. Awareness for employees:

• Employees should be provided with continuous training on human rights.

 

3. Auditing bodies:

• Companies should have bodies that directly and indirectly monitor the

   protection of human rights.

 

4. Workers' councils and associations:

• Trade unions and employee groups play an important role in protecting the

    rights of employees.

 

Global initiatives:

 

The United Nations (UN) is taking important steps to protect human rights. In particular, the UN Guiding Principles on Business and Human Rights guide global companies to avoid human rights violations. Many companies are following these principles.

 

          

Business cannot be seen as just a profit-making sector. It directly affects the lives of people. Therefore, human rights must be at the heart of the business world. No company that does not respect these rights can survive and grow. For the progress of a society, even for the development of a country, it is necessary to respect and protect human rights in the business world.

 

The importance of human rights in the business world today

 

The business world of the 21st century is undergoing major changes due to globalization, digital transformation and economic challenges. In this context, the protection of human rights has received a critical focus. Companies are forced to adopt a "Triple Bottom Line" approach that includes human rights, social justice and environmental sustainability, rather than focusing solely on their profits.

 

According to World Bank data, 67% of global businesses have begun to implement policies on human rights and social responsibility by 2023. This indicates that the future of business will be intertwined with humanistic values.

 

Human Rights – Definition and Historical Background

 

The "Universal Declaration of Human Rights" (UDHR), proclaimed by the United Nations in 1948, provided the basic framework for human rights. It defines 30 rights, including the main rights that directly affect the business world:

 

1. Right to work (International Labor Organization - ILO Charter)

2. Equal rights (non-discrimination on the basis of sex, race, religion)

3. Right to a standard of living (fair wages, safe working environment)

4. Right to privacy and data protection (regulations such as GDPR)

 

The consequences when businesses do not respect these rights are severe. For example, the 2013 Rana Plaza building collapse in Bangladesh, which killed 1,134 workers, made the world aware of the dangers of business models that ignore human rights.

 

 Categories of Human Rights in Business

 

1. Labor Rights

 

According to the ILO, all workers must be guaranteed the following rights:

Protection from Child Labor - According to UNICEF, 160 million children were employed in hard labor in the world in 2022. Chocolate companies like Nestle and Hershey have introduced strict policies to prevent the use of child labor by cocoa farmers.

 

Fair wages - Principles such as minimum wage, Equal Pay for Equal Work. For example, in countries like Denmark, the gender pay gap is only 5%.

 

Safe working environment - An environment free from aggression, sexual abuse, and the harmful effects of chemicals.

 

2. Consumer Rights

Quality products - In 2021, Johnson & Johnson was found to have contained hazardous chemicals in its cleaning products and paid a $6.3 billion fine.

 

No false advertising - Tesla was fined $1 million in 2022 for falsely advertising "full autonomous driving".

 

3. Social responsibility and environmental rights

Sustainable raw materials - Adidas plans to use 100% recycled plastic by 2025.

 

Carbon neutrality - Amazon is committed to achieving Net-Zero emissions by 2040.

 

 Categories of Human Rights in Business

   

Consequences of Human Rights Violations

 

| Violation Type | Example | Consequences |

 

| Labor Exploitation | Working Conditions at Foxconn (Apple) China | Tensions, Production Delays |

 

| Environmental Damage | Severance Oil Spill in Ecuador | $9.5 Billion Penalty |

 

| Data Privacy | Facebook-Cambridge Analytica | $5 Billion Fine |

 

Initiatives Promoting Human Rights

 

1. UN Global Compact:

    10,000+ companies have joined.

2. B Corp Certification:

     Companies like Ben & Jerry's, Paddocks have been certified.

3. Legal changes:

   - EU to introduce forced labor ban in 2023

   - India to mandate CSR spending (Companies Act 2013)

   

4. Future challenges

     AI and job losses: World Economic Forum estimates 85 million jobs will be

     replaced by machines by 2025.

     - Climate change: 200 million people could become climate migrants by 2030.

 

5. Technological advances and human rights

    Technological advances in the digital age have created new challenges and   

    opportunities for human rights:

 

    Artificial intelligence and data privacy - In 2023, the European Union introduced  

    the AI ​​law, which is designed to protect human rights in AI systems. Companies

    like Google and Meta are currently implementing strict human rights reviews of

    data collection practices.

 

   Remote work and labor rights*: 62% of companies have adopted a hybrid work

   model since COVID-19. While this has led to work-life balance, there have been

   complaints that some companies are hiring workers outside their normal hours.

 

5. Human rights in developing countries

     While human rights are relatively well protected in developed countries, many

     challenges still exist in developing countries:

     Exploitation in the supply chain - There are ongoing allegations that raw

     materials for companies like Apple and Tesla are mined by child laborers in

     Congo.

     Rights of local communities - Protests have erupted internationally as large

     companies seize the lands of grassroots and indigenous peoples.

 

6. Suggestions for solutions

 

1. Stricter regulations - Governments should impose stricter penalties for human

     rights violations.

2. Intention of companies*: Human rights should be accepted as the core of the

    business model, not just implementing CSR programs.

3. Customer awareness - Actions such as boycotting products from companies that

    do not respect human rights.

 

How Sri Lankan businesses are prioritizing human rights

 

The business sector has played a key role in Sri Lanka's economic revival. After the 2023 economic crisis, companies have begun to adopt business models that focus on human rights and sustainable development. According to the UN Development Program, 58% of companies in Sri Lanka now implement CSR policies.

                         

1. Progress on labor rights

 

1.1 Fair working conditions

 

- Sri Lankan labor laws (minimum wage, rest time) are being strictly enforced

- Labor Department report shows that 87% of companies in 2022 followed ILO standards

 

1.2 Combating child labor

 

- Child labor in tea and rubber plantations has decreased to 12% in 2023

- 5,000 children were educated through programs like "Right to Dream"

 

2. Social responsibility initiatives

 

2.1 Progress on women

 

- 32% of management positions were held by women in 2023

- Hayden Corporation launches "Women in Leadership" program

   

2.2 Community development projects

 

- John Keels Group plans to drill 50 wells per year

- Dialog Asia promotes digital education in rural areas

 

3. Environment Security

 

3.1 Sustainable business practices

- 45% of tea producers now use organic farming methods

- Mass Holdings plans to reduce plastic use by 50% by 2025

 

3.2 Green energy

- 38% of companies adopted solar energy by 2023

- Hate Hotels carbon neutrality plan

 

4. Challenges and future direction

 

4.1 Practical issues

- Small and medium-sized enterprises find it difficult to implement human rights policies

- CSR funds fell by 15% in 2022 due to the economic crisis

 

4.2 Future plans

- Government plan to require 100% of companies to report on CSR activities by 2025

- Introducing "fair trade" certification

 

 

Businesses need to put human rights at the heart of their long-term success. Companies like Starbucks have achieved a 24% increase in productivity by accepting labor unions. Therefore, human rights are not only a legal obligation, but also a guiding principle for business stability.

 

Business growth is very important. But it is not right to see human rights as secondary after that. Only businesses that operate in a manner that respects human rights can achieve sustainable growth. Trust, justice and order will prevail in a society where business and human rights work together. Therefore, human rights are not a necessity in the business world, they are a must. Business cannot be seen as a mere sector operating for profit. It can directly affect the lives of people. Therefore, human rights must be at the heart of the business world. No company that does not respect these rights can survive and grow. For the progress of a society, even for the development of a country, it is necessary to respect and protect human rights in the business world.



The Importance of Human Rights in the Business World.......!


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