Update on 5th session of the UN Treaty process on business and human rights

Contact(s)

Matthias Thorns

Deputy Secretary-General
thorns@ioe-emp.com
+41 (0) 22 929 00 19

Peter Hall

Adviser
hall@ioe-emp.com
+41 (0) 22 929 00 21

States met last week to negotiate/discuss the Revised Draft Treaty on TNCs and OBEs.

Please find attached IOE’s summary of the 5th session of the UN’s Inter-Governmental Working Group on transnational corporations and other business enterprises with respect to human rights (IGWG), which met from 14 to 18 October in Geneva.

The IGWG negotiated/discussed the Revised Draft Treaty prepared by the Chair (Ecuador in June 2019).

Prior to the 5th session, IOE released a Joint Business Response to the Revised Draft Treaty, which it drafted with Business at OECD (BIAC) and Business Europe. This joint response describes the business community's:

    1. Commitment to respecting human rights - in context.
    2. Substantive concerns with the Revised Draft Treaty.

IOE participated in the 5th session all week, supported by USCIB and the IOE's partner company/law firm Littler, to follow the discussions and explain the business position on the Revised Draft Treaty.