
Human Rights Due Diligence has become an important and necessary topic of discussion in national and international forums to ensure corporate accountability for realizing human rights. It is a process by which businesses are expected to access actual and potential human rights impact, integrate and act upon the findings, track the responses and to communicate as to how those impacts are addressed. In changing dimensions of world business, in ages of neo-liberal economy, the culture of social responsibility needs to go deeper in the governance of businesses. However, there is very limited research to understand how effective human rights due diligence is. It has now at the crossroads as it is about to become part of legislation, which will firmly test it’s potential to contribute substantially to the prevention of corporate human rights abuses. Being the largest democracy in the world, protection of human rights has been an intrinsic part of Indian tradition. India is one of the fastest growing economies of the world. Huge capital is on investment from within and outside the country. Businesses in India have traditionally been responsible socially and some of them have demonstrated their sincere efforts in a laudable manner. In the present economic and social milieu of India it is essential to have mandatory HRDD in the form of ‘hard law’. HRDD mechanism will function with specific objective of identifying actual or potential human rights impacts, taking effective measures to address these impacts and tracking or monitoring the effectiveness of these actions. This research paper has briefly captured a considerable practice of HRDD in different countries of the world and studied on how essential for India to implement it.
Human Rights, United Nations, Corporate Accountability, Mechanisms, Due Diligence
Human Rights, United Nations, Corporate Accountability, Mechanisms, Due Diligence
