Calculated risk: economic versus human rights requirements of corporate risk assessments

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 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

Location
Deutsche Nationalbibliothek Frankfurt am Main
ISBN
9783946499183
Extent
Online-Ressource, 30 S.
Language
Englisch
Notes
Veröffentlichungsversion
begutachtet

Event
Veröffentlichung
(where)
Berlin
(when)
2017
Creator
Contributor
Deutsches Institut für Menschenrechte

URN
urn:nbn:de:0168-ssoar-55633-2
Rights
Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Last update
25.03.2025, 1:44 PM CET

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Associated

Time of origin

  • 2017

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