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The Road from Principles to Practice
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The Road from Principles to Practice

Today's Challenges for Business in Respecting Human Rights

The Economist Intelligence Unit
EIU, 2015
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According to the stereotype, global business leaders are cold-blooded creatures who view every decision through the prism of next quarter’s profits. But a more realistic and nuanced perspective emerges in this report from the Economist Intelligence Unit, which finds that most corporate executives feel a clear responsibility to do business in a way that puts long-term ethical concerns ahead of the immediate bottom line. getAbstract suggests this enlightening study to professionals looking for insights into the future of corporate responsibility and business ethics.

Take-Aways

  • In a 2014 worldwide survey of 853 senior executives, 83% agree that enforcing human rights is the responsibility of the private sector as well as the government.
  • But large firms take time to adapt. Almost one-third of respondents say that, though they accept responsibility for protecting stakeholders, they’re unsure of what to do next.
  • Executives must weigh the cost of doing nothing against the reward of “building sustainable relationships with local communities” and “protecting the company brand and reputation.”

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The Economist Intelligence Unit is an independent research and analysis organization.

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