International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Monday, June 29, 2020

USCIB Joins With Global Community to Oppose Revision to ISO 26000

USCIB joined with several other U.S. business associations in opposing a recent proposal to revise ISO 26000 on Social Responsibility, develop implementation guidelines or standards and create a new Technical Committee (TC) on Social Responsibility.  After a five-year global negotiation, ISO 26000 was released in November of 2010 as a guidance document rather than a management systems for certification purposes and it remains a valuable resource for companies.

USCIB Vice President for Corporate Responsibility and Labor Affairs Gabriella Rigg Herzog observed that the proposal currently before ISO would, “not only reverse the consensus achieved over the five year negotiation, but would also divert resources and away from ongoing implementation and innovation in the field of social responsibility.”

Global stakeholders who also opposed this proposal included leading human rights NGOs, the International Trade Union Confederation, the International Organization of Employers (IOE), and the International Labor Organization (ILO). Moreover, and as was expressed by ILO Secretary-General Guy Ryder, adoption of this proposal would divert focus from and undermine universally accepted standards on human rights and labor issues, including the UN Guiding Principles on Business and Human Rights, ILO Conventions, the ILO Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy, and the OECD Guidelines for Multinational Enterprises.

USCIB continues to follow this matter and will be in communication with members and our global affiliates as this matter develops.

USCIB's positions include cost-effective, science and risk-based cooperative environmental and energy policies

• Address the challenges of climate change while protecting energy security, promoting innovation and efficiency and advancing resilience to climate impacts
• Provide multilateral solutions to trans-boundary environment, energy and climate challenges, and reject unilateral, arbitrary measures that disqualify technology or energy options
• Ensure science and risk-based life-cycle approaches to chemicals management in the APEC, the OECD, UNEP and the Strategic Approach to International Chemicals Management
• Support voluntary labeling and access to environmental information that protects confidential business information and provides credible information for consumer choices

Pro-growth, market oriented policies that promote sustainable development

• Develop multilateral and national partnership frameworks to incentivize private sector involvement in sustainable development planning, implementation and risk allocation minimization
• Maintain technology neutral policies and other enabling frameworks to encourage trade and investment in cleaner technologies and energy sources

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