European Union External Action

HRC - Open-ended intergovernmental working group on transnational corporations and other business enterprises with respect to human rights: EU intervention for Day 4 under Panel V Subtheme 2

Geneva, 27/10/2016 - 17:03, UNIQUE ID: 161027_11
Statements on behalf of the EU

Open-ended intergovernmental working group on transnational corporations and other business enterprises with respect to human rights 2nd session, Geneva, 24-28 October 2016 EU intervention for Day 4 under Panel V Subtheme 2: "The relation between the UN Guiding Principles and the elaboration of an international legally binding instrument on TNCs and other business enterprises"

We would like to like to thank the panellists for their presentations.

In line with our intervention on the first day of this session, the European Union values the global consensus reached on the UN Guiding Principles and Business and Human Rights five years ago and stresses that any possible further steps regarding the international legal framework for business and human rights at the UN level must be inclusive, firmly rooted in the UN Guiding Principles and address all types of companies.

As stated earlier, our motto remains: implementation, implementation and implementation. Could the panellists elaborate on best possible way to implement the existing obligations as recalled in the UN Guiding Principles? If and as implementation of existing obligations seem to be a challenge in many instances, how does this challenge impact no the discussion to elaborate new norms?

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