Financial Crime World

DRC Businesses Urged to Embed Human Rights into DNA

In an effort to enhance corporate accountability and minimize risks, experts are calling on businesses in the Democratic Republic of Congo (DRC) to adopt human rights language and conduct due diligence in accordance with international standards.

New Regulatory Framework

A new regulatory framework could be established to reverse the burden of proof, similar to the Mining Code’s recent shift. This would require companies to prove that they have taken necessary measures to respect human rights, rather than relying on government investigations to identify abuses.

Global Challenges

The DRC is not alone in its struggles to ensure corporate accountability. Global studies have shown that most major corporations fail to meet the requirements set by the United Nations Guiding Principles on Business and Human Rights (UNGPs). In the extractive industry, companies often prioritize profit over human rights, leading to egregious violations.

Steps towards Improvement

To address these issues, businesses must refine their laws and practices to improve their human rights performance. This includes:

  • Conducting thorough due diligence
  • Engaging with local communities
  • Addressing conflicts of interest

Expert Opinion

“The trend is clear: corporate respect for human rights has yet to be embedded into business DNA,” said [expert’s name]. “It’s crucial that we work together to create a regulatory environment that encourages companies to prioritize human rights.”

Global Developments

The call to action comes as the global landscape shifts towards mandatory human rights due diligence (HRDD). The European Union, for instance, has established a new law requiring companies to conduct HRDD in their supply chains.

DRC’s Progress

In the DRC, companies like Alphamin Bisie Mining SA have already taken steps towards implementing OECD Guidance on Due Diligence. However, more needs to be done to ensure that human rights are prioritized above profit margins.

Conclusion

As the world continues to evolve its approach to corporate accountability, it is essential that businesses in the DRC take proactive steps to integrate human rights into their operations. By doing so, they can mitigate risks, build trust with stakeholders, and contribute to a more just and equitable society.