Human rights deteriorating in fastest growing economies
While millionaires complain about their tax burdens…
The human rights situation is worsening worldwide and especially in the important emerging economies of Pakistan, China, Russia, Colombia, Bangladesh, Nigeria, India, Philippines and Mexico. These are the findings of the Human Rights Risk Atlas 2011 that calculates and maps the risk of complicity in human rights abuses for companies operating worldwide.
According to Maplecroft, who publish the Atlas for the fifth successive year, there are now 92 countries in the ‘extreme’ and ‘high risk’ categories as opposed to 83 last year, a rise of nearly 10%. It is the emerging economies which cause most concern, as many multinational companies and investors now have considerable interests centred there and strong economic growth is not being translated into improving human rights, posing a range of legal, reputational, operational and strategic challenges for business.
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Most significantly for business, given it plays a major role in supply chains, China has fallen two places in the ranking from last year to 10th.