Displaying items by tag: businessandhumanrights - CIDSE
Disclosure instead of hide and seek - A fair chance for the poor people of resource-rich countries: CIDSE submission to the EU consultation by DG MARKT on Country-by-Country Reporting (CBCR)
For the poor people of resource-rich countries more transparency is vital.
Transnational corporations involved in extractive industries frequently arrive with promises to build schools, hospitals, roads, provide jobs. Unfortunately, local populations too often discover that allthat glitters is not gold. Rather than benefiting, local people experience increased poverty, loss of livelihoods, violent conflict, human rights violations, environmental degradation and corruption.
CIDSE believes that the UN Business & Human Rights framework can play an important role in stopping human rights violations by businesses.
The impacts of the activities of transnational corporations should be at heart of development discussions, because corporations are taking an increasingly important role in shaping global and local economic and political structures.