After a DECADE of research, we are releasing a 235-page report concluding that the grand experiment of voluntary corporate regulation and multi-stakeholderism has failed to protect against corporate human rights abuses. theguardian.com/global-develop…
2/ It's time to #RethinkMSIs. They can be powerful tools for building trust, exchanging knowledge and experimentation, but they are not effective as tools to reliably detect or remedy human rights abuse. We need regulation for that, at local, national and international levels.
3/ Will unpack our six key insights into the systemic limitations of MSIs later, but here’s an example: Nearly a third of MSIs don't have a mechanism for rights holders to seek remedy. Those that do don't meet even the basic criteria of the #UNGPs, e.g. transparent, accessible.
4/ So where do we go from here? Well, we believe the failure of MSIs is inextricably linked to the corporate form itself. As long as corporations are primarily beholden to investors, they will not appropriate value the rights of workers and communities. The logical next step...
5/ .. is to start challenging the corporate form itself. We need to go #BeyondCorporations, to center workers and affected communities in the governance and ownership of businesses. Read more about that here: tinyurl.com/y9xknun7
6/ But I’m getting ahead of myself. For now, please read and share our research about how MSIs are #NotFitforPurpose, and join the fight for binding protections and rights-holder centered alternatives (e.g. @WSRNetwork @NewEconomics). tinyurl.com/y95o5c9g
7/Most importantly: a big shout out not just to our rad team at @MSIIntegrity, but the huge number of ppl who have been slowly documenting the failure of individual MSIs over the years. This was a true team effort @MaleneAlleyne @TeddyOstrow @shaunamc @claretmarcia @HarvardLawHRP
