Respect for Rule of Law
Through its policies, practices, and modelled leadership, the company exhibits respect for rule of law, with a commitment to observing the spirit and intent of the law, as opposed to following the letter of the law only. The company respects and upholds the principles of international conventions and follows relevant international guidelines for business enterprises, including those on human rights, labour rights, and various group rights and the legal rights of nature (such as rivers granted legal personhood).
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This report from the UN global Compact can help you understand the business case for strengthening rule of law. It outlines how to support legal frameworks and public institutions through your core business practices, strategic social investment and philanthropy, public policy engagement, and partnerships. These strategies may be relevant to a number of different departments, but especially sustainability and public affairs.
This paper from the Taskforce on Nature Markets can help you understand the emerging perspective that nature has fundamental rights and human beings have the legal authority and responsibility to enforce these rights on nature's behalf. It traces how this trend is being expressed in environmental law and the implications for nature-linked markets, including within nature credits and soft commodity markets. This paper points to a paradigm shift that will be most relevant to sustainability and legal practitioners.