Amrita Malik, Assistant Professor, CMR School of Legal Studies, Bangalore & Dr. Rashmi K S, Associate Professor, Alliance school of law, Bangalore
ABSTRACT
Businesses are the economic engine. They contribute to economic and social growth by creating jobs, advancing skills and technological development, and providing goods and services. Simultaneously, commercial activities can harm individuals, the environment, and society. Irrespective of their location, size, sector, operational context, ownership, or structure, all businesses should act responsibly and identify and manage risks associated with their operations, products, or services, including those associated with their supply chains and other business relationships. It is imperative for businesses today to demonstrate their beliefs and values, both internally and externally, through Corporate Social Responsibility (CSR). While businesses are increasingly incorporating the concepts behind international labor standards into their CSR programs, the ILO believes it is critical to emphasize CSR's voluntary character. These instruments establish that all businesses are accountable for avoiding and mitigating negative impacts associated with their operations, including their supply chains, while also contributing to the countries' economic, environmental, and social progress.
This paper aims to provide an overview of the International Labor Organization's (ILO) International Labor Standards (ILS) principles as they pertain to business operations and due diligence regarding labor rights, as well as how these principles can be most effectively implemented in business operations and supply chains. To do this, the ILO's Tripartite Declaration of Principles on Multinational Enterprises and Social Policy (ILO MNE Declaration) will be unpacked as the primary reference point and cornerstone for effective CSR policies and practices.
Keywords: corporate social responsibility, labor standards, international labor organization, business, labor rights.
