Today, there is no binding international legal framework to establish the liability of transnational corporations (TNCs) in the area of human rights and environmental protection, nor is there any guaranteed access to justice and remedies for populations affected by the activities of TNCs.
At a time when 3,400 trade and investment agreements protect the interests of transnational corporations through Investor-State Dispute Settlement (ISDS) mechanisms, there is no international treaty requiring these large corporations to uphold human rights and environmental protection.
This position paper by CIDSE’s French member CCFD-Terre Solidaire highlights the many processes underway in several European countries, the EU and the United Nations to bring an end to this parallel legal system and to compel transnational corporations to respect human rights and the environment.
Campaign Rights for People, Rules for Corporations- STOP ISDS