Submission to the “OHCHR consultation on operationalizing the framework for business and human rights presented by the Special Representative of the Secretary-General on the issue of human rights and transnational corporations and other business enterprises”. BankTrack, a network of 30 civil society organisations tracking private finance, submits this discussion note to the OHCHR consultation on operationalising the „protect, respect and remedy“ framework as presented by the Special Representative of the Secretary- General on the issue of human rights and transnational corporations and other business enterprises, John Ruggie, to the Human Rights Council.1 BankTrack has already commented earlier on various aspects of the Special Representative’s work.2 This is the first BankTrack submission since the outbreak of the financial crisis and it reflects the altered landscape regarding private finance.3 Nevertheless, the irresponsibility of some financial actors in causing this crisis and the ways in which the crisis affects the fulfilment of human rights are beyond the scope of this paper. More…

Source: BankTrack