4. Position of the Federal Council on the UN Guiding Principles on Business and Human Rights
4.2 The Swiss Context
Position of the Federal Council on the UN Guiding Principles on Business and Human Rights [page 6]:
Nowadays, increasing numbers of business enterprises are fulfilling their human rights responsibilities in a conscious way. Both business enterprises and civil society stakeholder groups are supporting and furthering respect for human rights with a wide range of programmes. Indeed, respect for human rights forms an integral part of many companies’ corporate social responsibility (CSR) activities.
A further example is the discussion paper on the implementation of the UN Guiding Principles on Business and Human Rights in the banking sector published by the Thun Group of Banks, a group of international full-service banks.
5. National Action Plan on Business and Human Rights
5.7 Pillar 1: state duty to protect
5.7.2 Operational principles: legislative and information policy measures
Guiding Principle 3 [page 18]
PI18: Guidelines for business enterprises on implementing the UNGP
In the financial sector, SECO [State Secretariat for Economic Affairs] is supporting the OECD with the drafting of guidance on due diligence in this industry. Planned for the end of 2017, one of the objectives of the guidance is to support financial institutions in Switzerland to mitigate the negative impacts of their business activities on the environment on society around the world, including developing countries.