Towards social impact. A multi-stakeholder perspective on corporate human rights performance and reporting

Publication by CNV Internationaal, ICCO Cooperation, PwC and Dutch Association of Investors for Sustainable Development (VBDO)

This publication offers a useful framework for companies to work ‘towards social impact’ and to report on the progress made. We distinguish four phases in this transition: Storytelling, Do no Harm, Do Good, and Create Shared Value. In each phase, open and continuing dialogue with the company’s stakeholders is pivotal. We describe the generic expectations of three selected stakeholders towards companies: local communities (by ICCO Cooperation), employees (by CNV Internationaal), and responsible investors (by VBDO).

ICCO expects companies to include community engagement in their company policy, to identify affected communities, to establish a grievance mechanism, and to report about the company’s impact on the rights of local communities with regards to, e.g., access to natural resources, access to land, provision of security and taxes.

VBDO expects companies to formulate a publicly available commitment reflecting the respect for human rights, to perform human rights due diligence, and to report transparently, and with a mixture of quantitative and qualitative information, on the results.

CNV Internationaal expects companies to effectively implement all key labour standards: freedom of association and collective bargaining, elimination of forced or compulsory labour, abolition of child labour, non-discrimination in respect of employment and occupation, and living wage.

In the final chapter PwC offers companies a starting point to implement and report on these expectations. Each expectation is matched to an existing reporting guideline from the GRI G4 and/or the UNGP Reporting Framework, with a recommendation for implementation.

Read the full publication here.