In the rapidly evolving landscape of Environmental, Social, and Governance (ESG) standards, human rights are taking center stage. The May 2024 edition of CNK & Associates LLP’s ESG newsletter shines a light on Principle 5 of SEBI’s Business Responsibility and Sustainability Report (BRSR), which urges companies to respect and promote human rights. This principle is not just a moral imperative—it’s a strategic business necessity in today’s responsible investment climate.
This edition explores the critical role businesses play in protecting vulnerable groups such as women, transgender individuals, persons with disabilities, and informal sector workers, especially in industries like construction. It also highlights best practices from Indian corporates including Reliance, Tata Steel, and Accenture, showcasing how inclusive policies, robust grievance redressal systems, and accessible infrastructure can drive both equity and performance.
