Question to the Department for Business, Innovation, Science and Trade:
To ask the Secretary of State for Business, Innovation, Science and Trade, what alternative, proactive and binding measures he will put in place to help protect human rights in the context of the Modernising Corporate Reporting consultation.
The Modernising Corporate Reporting (MCR) consultation proposes refocusing the Annual Report to provide financially material information to investors and creditors. Proposed changes in the consultation do not alter the legal framework protecting human rights. The Government expects all companies to respect human rights throughout their operations and supply chains, in line with the OECD Guidelines for Responsible Business Conduct and the UN Guiding Principles on Human Rights.