This report offers a snapshot of Australian companies’ responses to human rights risks.
Based on a methodology developed by a global consortium known as the Corporate Human Rights Benchmark (CHRB) (see Appendix 4 for a further explanation), this research evaluates a set of large, listed Australian companies against internationally-accepted human rights indicators, based on the UN Guiding Principles on Business and Human Rights (UNGPs), as well as other relevant norms and initiatives depending on the sector.
The CHRB methodology offers the advantage of comparability with a larger, international data set allowing company-to-company, business size, sector and geographical comparisons to be made. The ACCR methodology is a subset of the CHRB methodology and assesses companies against an abridged set of of the CHRB indicators.
The UNGPs framework on the “corporate responsibility to respect human rights” expects companies to adopt a policy commitment to human rights, to carry out human rights due diligence and to provide for or cooperate in providing a remedy for adverse human rights impacts, including through establishing operational level grievance mechanisms. This report analyses companies’ disclosures in relation to these expectations