I took a look at a panel at the American Society of International Law and wrote up some thoughts in an ASIL Cable. A taste:
The [UN Guiding] Principles [on Business and Human Rights] are an achievement and an agenda setter, but the text – that “states must protect against human rights abuse within their territory and/or jurisdiction by third parties, including business enterprises,” and that “business enterprises should respect human rights” – is hardly specific. And indeed, if a theme was running through the views of the panelists, it was that the guiding principles achieved progress as part of a palette of incentives. These could induce businesses to think about, say, resettlement practices where large public works and mineral extraction projects were being pursued, worker and other protections could be built into supply contracts to ensure that the groups most affected by large investments should be able to profit from those investments.
Do give it a look.
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