Monday, June 08, 2020

Responsible Business Initiative in Switzerland

This is alarming! Historically, the Swiss people have shown a lot of common sense when it comes to doing business. However, this new referendum has the potential to cripple successful Swiss businesses. Hopefully, the Swiss people will soundly reject such initiatives!

Businesses should follow the law not the whims of ideological or political activists and agitators!

"The Responsible Business Initiative wants multinationals to respect human rights and the environment in their activities abroad. Under the Responsible Business Initiative, companies will be legally obliged to incorporate respect for human rights and the environment in all their business activities. This mandatory due diligence will also be applied to Swiss based companies’ activities abroad.
The mandatory due diligence instrument is based on the United Nations Guiding Principles on Business and Human Rights."

Who is behind these Guiding Principles? Perhaps Russia, China, Iran, North Korea, Cuba, Venezuela ...

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