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China Letter-News and Human Rights

China human rights news with focus on the Uygur of Xinjiang, Tibetans and Tibet, Chinese mining workers, religion, corruption and censorship.

Thursday, March 18, 2004

Occidental Commits to Develop Formal Human Rights Policy

Biz Yahoo News:

"``We believe every company needs to adopt a comprehensive, transparent and verifiable human rights policy to address the challenges of doing business in a global economy"

So said a spokesperson for the major shareholding group in the Occidental Oil company of the US responding to the news that the company had agreed to formalise it's commitment to considering Human Rights in it's business dealings.

There is thankfully a growing trend (albeit slowly) in this day of globalisation for companies to be seen as being "ethically sound".

I am a proponent of a thought that companies should be required by law to address their performance against Human Rights criteria in the annual reports or prospectus. Much the same as an auditor will attest that a company has met some accounting standard or other so should they be "audited" with regards to ethical standards

Linked Article Read Rating: Worthwhile