This article analyses multistakeholder initiatives from a business and human rights perspective. Specifically, it examines the relationship between multi-stakeholders’ grievance mechanisms and human rights due diligence. Besides preventive due diligence measures, legislation should include corrective measures and access to remedy as stipulated by the United Nations Guiding Principles on Business and Human Rights.
To help solve social challenges in value chains, the article identifies how these collaborative arrangements could contribute to legislative approaches to make multistakeholder initiatives effective from the human-rights based point of view. The article highlights rights-holders’ role as a source of governance, consultation, and engagement regarding improving multistakeholder initiatives’ remediation practices.
The article identifies, with reference to the EU’s sustainability due diligence legislation, how national regulators can leverage multistakeholder initiatives in regulation efforts. The state must resource institutional co-governance structures so that companies may carry out remedial functions to facilitate remediation in human rights due diligence processes.European Business Law Review