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Definition

Due diligence

Due diligence is a common concept in corporate risk management systems. The idea of corporate human rights due diligence (HRDD) is set out in the UN Guiding Principles for Business and Human Rights. HRDD obligations refer to a company’s duty to carry out ongoing risk management to determine if its business practices could potentially adversely affect human rights. This includes risks to all those who could be negatively affected by a corporation's actions (e.g. employees, consumers, and persons who could be affected by environmental harm).

Cases (5)

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