Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/271544 
Year of Publication: 
2023
Series/Report no.: 
SWP Comment No. 16/2023
Publisher: 
Stiftung Wissenschaft und Politik (SWP), Berlin
Abstract: 
The European Union (EU) is seeking out new partnerships and to strengthen existing ones, particularly with Global South states, to enhance its open strategic autonomy. This includes a resilient supply of raw materials for its twin transition to a digital and green economy. Hosting many transnational corporations, several of these partners advocate for a binding international standard to regulate business and human rights beyond the non-binding United Nations Guiding Principles (UNGPs). Thus, the EU should establish a mandate and actively engage in the negotiations for a Binding Treaty on Business and Human Rights (BHR) to consolidate its image as a defender of human rights internationally. Multilateral negotiations enable dialogue and mutual cooperation that regional and national laws on supply chain due diligence do not, and thus risk acceptance by international partners once implemented. This poses a challenge for mutual cooperation, which is necessary to achieve corporate accountability.
Subjects: 
supply chains
human rights
environmental rights
United Nations Guiding Principles
UNGP
transnational corporations
TNC
legally binding instrument
LBI
Global Compact
BRICS states
forum non conveniens
rxtraterritorial obligations
ETOs
Corporate Sustainability Due Diligence Directive
CSDDD
Persistent Identifier of the first edition: 
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.