The United Nations Guiding Principles on Business and Ruman Rights (UNGPs) defines HRDD as a process of identifying, preventing, mitigating, and accounting for any human rights violations.
The international trade body backed the EU’s decision to impose rules against palm oil as a biofuel due to emission risks but said the bloc failed to properly implement them, validating complaints by trade partner Malaysia.
Asia’s sustainability heads foresee some relief from reporting burdens this year, but articulating the financial value of social, biodiversity and climate-related impacts, engaging suppliers and staying ahead of regulations will keep them busy.