A/HRC/21/21
(c)
Investment and trade
49.
The Guiding Principles can serve as a benchmark to ensure coherence between
international human rights standards and the development of business-focused development
policies, including as they relate to trade and investment.
50.
Agencies and programmes focused on investment and trade, particularly the United
Nations Conference on Trade and Development, can advance the business and human rights
agenda and help States to meet their duty to protect by ensuring integration of the Guiding
Principles into policy guidance and capacity-building efforts. Of particular relevance for
integrating business and human rights components into investment-related work are the
principles for responsible contracts developed by the former Special Representative. 17
51.
The Guiding Principles may also contribute to ongoing deliberations on the links
between human rights and international trade law. Work to clarify the application of the
Guiding Principles in this domain, including to the World Trade Organization, is, however,
needed. One entry point for dissemination and implementation of the Guiding Principles is
through the texts and programmes of the United Nations Commission on International
Trade Law, for example, those relating to arbitration rules for private investments and
eligibility criteria for public procurement.
52.
The global financial sector is another strategically important realm. On the one hand,
it can contribute to the enhancement of business practices with regard to human rights; on
the other, however, it also has the potential of undermining the enjoyment of human rights.
As a partnership with the financial sector to promote research, capacity-building and policy
dialogue, the Finance Initiative of UNEP is an important platform. Ongoing efforts to
integrate the Guiding Principles should be strengthened, including in cooperation with
OHCHR.
(d)
Peacebuilding and security
53.
Given the range of human rights challenges arising from business activities in
conflict-affected situations and their direct correlation with any potential successful
peacebuilding strategies, the Guiding Principles can make an important contribution to
ensuring that business activities support rather than undermine the building of sustainable
peace. Specifically, the Guiding Principles provide a particularly interesting and
authoritative roadmap for all actors involved to ensure that any negative impact of
economic activities is mitigated and, importantly, prevented.
54.
A strategically key focal point for promoting and integrating the Guiding Principles
into peace and security activities is the Peacebuilding Support Office, which services the
Peacebuilding Commission, administers the Peacebuilding Fund and supports the efforts of
the Secretary-General to coordinate the United Nations system in its peacebuilding
operations.
55.
The Guiding Principles are particularly relevant to the due diligence requirements
developed by the Security Council for extractive companies in certain conflict zones, the
further exploration on policy questions on the linkages between business human rights and
peacebuilding in the intergovernmental Peacebuilding Commission, 18 and the
Peacebuilding Fund (the multi-donor trust fund that provides a critical bridge between
conflict and recovery), which is increasingly focused on natural resources management as a
17
18
A/HRC/17/31/Add.3.
See A/HRC/17/32.
11
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