Prime 10 International Developments in Enterprise and Human Rights in 2020 | New York Regulation Journal

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Progress in the field of business and human rights in 2020 was mixed. Important measures were initiated, and some decided, by legislative, judicial, administrative and international bodies. A process to draft an EU directive on mandatory human rights due diligence began, even as a similar initiative fell short in Switzerland. Canada’s Supreme Court rendered a landmark ruling on common law damages suits against companies for overseas human rights violations, while the U.S. Supreme Court heard oral argument on a similar issue. New regulations on extractive industries’ transparency and pension fund investments were issued by the U.S. SEC and Department of Labor, but could still be overturned. Although negotiations on a UN treaty on business and human rights made little progress, a treaty on environmental rights in Latin America and the Caribbean gathered enough State support to come into force in 2021.

The following are among the year’s more important developments globally in business and human rights: