The UN Treaty on Business and Human Rights: Regulating Corporate Power in the Era of Deregulation
South Centre and Friedrich-Ebert-Stiftung (FES) Geneva Office Report, March 2026
By Daniel Fernando Uribe Terán
This study examines how the United Nations Legally Binding Instrument (LBI) serves as a vital tool to preserve state sovereignty and to ensure the primacy of human rights in the era of deregulation.
61st Session of the Human Rights Council Side Event:
Regulating Corporate Power in the Era of Deregulation: Launching the South Centre and FES 2026 Report for the UN Legally Binding Instrument
Co-organized by the South Centre and Friedrich-Ebert-Stiftung (FES) Geneva Office
Date: 26 March 2026
Time: 12:00 – 13:00 CET
Venue: Room Concordia 1, Palais des Nations, Geneva
The South Centre, in collaboration with the Friedrich-Ebert-Stiftung (FES) Geneva, is pleased to invite you to the launch of our new report The UN Treaty on Business and Human Rights: Regulating Corporate Power in the Era of Deregulation.
This study examines how the UN Legally Binding Instrument (LBI) serves as a vital tool to preserve state sovereignty and to ensure the primacy of human rights in the era of deregulation.
Join us in Geneva to discuss concrete solutions to “justice paralysis” and corporate impunity.
Light lunch will be provided after the event.
Advancing Responsible Foreign Investment through a Legally Binding Instrument on Transnational Corporations and Other Business Enterprises
By Daniel Uribe Terán
Foreign Direct Investment (FDI) presents a complex dynamic, offering potential economic growth while posing significant risks of human rights abuses and environmental degradation. This policy brief considers that current voluntary frameworks, such as Economic, Social, and Governance (ESG) and voluntary due diligence standards, are insufficient to protect human rights, as they primarily focus on mitigating investor financial risk rather than preventing actual harm. Furthermore, the international investment regime, particularly the Investor-State Dispute Settlement (ISDS) mechanism, systemically undermines States’ sovereign right to regulate in the public interest. ISDS cases often penalise governments for enacting environmental, labour, and human rights protections, creating a “regulatory chill” that prioritises corporate profits over social welfare. The proposed Legally Binding Instrument (LBI) on business and human rights is presented as a necessary response to establish mandatory, enforceable obligations for corporations. This includes robust Human Rights Due Diligence (HRDD) and legal liability mechanisms, thereby rebalancing the system to ensure corporate accountability and align investment with sustainable development goals.
Will the Global Digital Compact ensure an equitable future for Developing Countries?
By Daniel Uribe
The Global Digital Compact (GDC), adopted by the United Nations General Assembly in 2024, aims to establish a framework for equitable digital transformation, particularly for developing countries. While the GDC acknowledges the importance of human rights, bridging the digital divide, and ensuring a just transition, it faces significant challenges in addressing structural inequalities and implementing robust accountability mechanisms. This paper examines the GDC’s potential to foster an inclusive digital future, highlighting the necessity of addressing fundamental rights, promoting business accountability through a legally binding instrument, and recognising the interconnectedness of digital inclusion with access to essential resources like energy, education, and healthcare.
South Centre Statement – 10th Session of the Open-ended Intergovernmental Working Group on Transnational Corporations and Other Business Enterprises with Respect to Human Rights
16 December 2024
South Centre is participating in the 10th Session of the OEIGWG for a Binding Treaty on Business and Human Rights, starting this week at the Palais des Nations in UN Geneva.
South Centre addressed the OEIGWG, emphasising on the need for a strong treaty to ensure access to remedies for victims of human rights violations; hold businesses accountable across jurisdictions; and ensure a just transition & digital transformation.
South Centre is committed to supporting the work of the OEIGWG.
Knocking Down Business-related Human Rights Abuses with a Feather: Is the European Corporate Sustainability Due Diligence Directive Sufficient to Tackle Corporate Impunity?
By Daniel Uribe
In April 2024, the European Parliament approved the Corporate Sustainability Due Diligence Directive (CSDDD), aiming to ensure that European firms and their partners uphold human rights and environmental standards in their supply chains. This Directive applies to large EU and non-EU companies, with a phased implementation starting in 2027. The CSDDD mandates the integration of due diligence in corporate policies and the development of transition plans aligned with the Paris Agreement. Despite these advancements, the Directive’s scope and civil liability provisions are limited to effectively hold corporations accountable for human rights abuses. The ongoing negotiations on an International Legally Binding Instrument on Business and Human Rights offer an opportunity to adopt common standards on due diligence and jurisdiction to improve access to justice and remedies for victims of corporate-related abuses.
STATEMENT TO THE NINTH SESSION OF THE OPEN-ENDED INTERGOVERNMENTAL WORKING GROUP ON TRANSNATIONAL CORPORATIONS AND OTHER BUSINESS ENTERPRISES
23 October 2023
The 9th Session of the OEIGWG on TNCs & OBEs began today at UN Geneva, with all eyes on the negotiations of the binding treaty to regulate corporations and promote access to justice for victims of human rights abuses.
Open Consultation on
The Process to negotiate a Legally Binding Instrument on Business and Human Rights
18 Oct 2023, 15:30-17:00 CEST
This open consultation is an opportunity for participants representing developing countries, civil society and academia to exchange views and discuss the ongoing process to negotiate an international instrument to regulate the human rights impacts of transnational corporations and other business enterprises.
AU-DELÀ DE LA RESPONSABILITÉ SOCIALE DE L’ENTREPRISE : RENFORCER LE DEVOIR DE DILIGENCE EN MATIÈRE DE DROITS DE L’HOMME AU MOYEN DE L’INSTRUMENT JURIDIQUEMENT CONTRAIGNANT RELATIF AUX ENTREPRISES ET AUX DROITS DE L’HOMME
Par Daniel Uribe Terán
Le débat sur la nécessité d’imposer des obligations de diligence raisonnable en matière de droits de l’homme (DDDH, en anglais Human Rights Due Diligence, ou HRDD) a suscité l’intérêt des décideurs politiques, des organisations de la société civile et des organisations internationales. La tendance actuelle à l’adoption de législations nationales concernant les normes de HRDD montre une variété d’options et de modèles qui pourraient servir d’étape vers l’adoption d’un cadre international solide de responsabilité des entreprises et de recours en cas de violation des droits de l’homme dans le contexte des activités commerciales.
Ce document de recherche vise à identifier les éléments qui caractérisent la diligence raisonnable en matière de droits de l’homme afin de trouver une éventuelle définition commune pour sa mise en œuvre. Pour ce faire, il analyse les pratiques actuelles des régions et des États en matière d’adoption de législations obligatoires sur HRDD dans différents secteurs. Enfin, il discutera des principes qui caractérisent l’approche adoptée par le Groupe de travail intergouvernemental à composition non limitée des Nations Unies chargé d’adopter un instrument juridiquement contraignant sur les sociétés transnationales et autres entreprises et de la manière dont cet instrument pourrait servir de pierre angulaire à l’élaboration de règles modernes sur la question des entreprises et des droits de l’homme.
Más allá de la responsabilidad social de las empresas: reforzar la diligencia debida en materia de derechos humanos mediante el Instrumento jurídicamente vinculante sobre empresas y derechos humanos
Por Daniel Uribe Terán
El debate sobre la necesidad de establecer requisitos obligatorios de debida diligencia en materia de derechos humanos (en inglés: Human Rights Due Diligence, o HRDD) ha atraído el interés de los responsables políticos, las organizaciones de la sociedad civil y las organizaciones internacionales. La tendencia actual sobre la adopción de la legislación nacional relativa a las normas de HRDD muestra una variedad de opciones y modelos que podrían servir como un paso adelante hacia la adopción de un marco internacional sólido de responsabilidad corporativa y remedio en caso de violaciones de los derechos humanos en el contexto de las actividades empresariales.
Este documento de investigación pretende identificar los elementos que caracterizan la debida diligencia en materia de derechos humanos para encontrar una posible definición común para su aplicación. Para ello, se analiza la práctica regional y estatal actual en la adopción de legislación obligatoria sobre HRDD en diferentes sectores. Por último, se discutirán los principios que caracterizan el enfoque adoptado por el Grupo de Trabajo Intergubernamental de Composición Abierta de las Naciones Unidas encargado de adoptar un instrumento jurídicamente vinculante sobre las empresas transnacionales y otras empresas comerciales y cómo este instrumento podría servir como una importante piedra angular para la elaboración de normas modernas sobre la cuestión de las empresas y los derechos humanos.
SOUTH CENTRE STATEMENT TO THE EIGHTH SESSION OF THE OPEN-ENDED INTERGOVERNMENTAL WORKING GROUP ON TRANSNATIONAL CORPORATIONS AND OTHER BUSINESS ENTERPRISES
Human rights violations in the context of business operations, either directly by transnational corporations or through their supply chains, have disproportionately affected developing countries, as has been consistently highlighted in this OEIGWG.
A constructive participation from all members of the OEIGWG is necessary to achieve the mandate of HRC Resolution 26/9, that is, to establish a comprehensive and effective legally binding framework that can prevent the violation and abuses of human rights and provide effective remedies and access to justice individually or collectively for victims in those jurisdictions where the businesses are established.
Webinar: Exploring Linkages between Climate Change, International Investment and the Legally Binding Instrument on Business and Human Rights
27 September 2022
Virtual event
Time: 15:30 – 17:00 CEST
Facilitated by the South Centre, this webinar is an opportunity for participants representing developing country governments, civil society and academia to exchange views and discuss the linkages between Climate Change, International Investment reforms and the Legally Binding Instrument, and how to harness their common elements to recover better, build resilience against future crises and achieve the UN 2030 Agenda & the SDGs.
