Business and Human Rights: Key Challenges For 2023.
By Michael Posner
In the United States and worldwide, events in the last year have eroded protections of human rights, creating greater responsibilities for leading global companies. Here are four areas relating to human rights that corporate leaders will need to focus on in 2023.
Russia’s invasion of Ukraine in February has had devastating consequences. Tens of thousands of Ukrainian and Russian soldiers and thousands more Ukrainian civilians have died. The war has created the largest refugee crisis in Europe since World War II with more than seven million refugees fleeing the country and another eight million internally displaced.
The war prompted more than 1,000 global companies to stop doing business in Russia. Some pulled out permanently while others suspended operations, hoping to return to Russia after the conflict has been resolved.
Read the full Forbes article.
Michael Posner is the Jerome Kohlberg Professor of Ethics and Finance, Professor of Business and Society and Director of the NYU Stern Center for Business and Human Rights.