13th United Nations Forum on Business and Human Rights

Snapshot co-organized by the Working Group on Business and Human Rights, and the Legal Innovation for Sustainable Investments Foundation (LISI)

For business to embrace HRDD and ensure effective stakeholder engagement, this needs to be translated into practical steps which can be taken by companies and protected by incorporation into legal structures, in a language which businesses can readily understand. This snapshot will focus on the work of (1) the Legal Innovation for Sustainable Investments (LISI) Foundation in creating an Impact Term Sheet, incorporating legal structures to embed stakeholder due diligence and ongoing consultation into company governance and an Impact Card, allowing businesses to understand how choices of different governance structures increase or decrease the potential for positive impacts and (2) Valuing Impact on integrating the value of human, social and natural capital into decision making, by providing innovative methods, data and experience. 

Relevant web pages: 
https://www.lisi-law.eu/impact-term-sheet
https://www.valuingnature.ch/