Mazars and Shift are leading a two-year project to develop a twin set of standards for auditing companies in line with the UN Guiding Principles on Business and Human Rights unanimously endorsed by the UN Human Rights Council in 2011:
1. A global and widely accepted standard for business to report on their implementation of appropriate risk management procedures, in line with the Guiding Principles; and
2. A global and widely accepted assurance standard to assess companies’ performance with regard to human rights risk management, designed around existing auditing standards (and with input from those who apply them) and building on the valuable experience gained by Mazars in developing its own award-winning human rights audit process.
Respecting environment, social, and human rights issues is crucial in current business environment, where most major firms have included this agenda into their its Corporate Social Responsibilities (CSR) strategies. Many good international companies have started embarking on a CSR strategy but fails to identify specific risks such as risks in sustainability and human rights areas.