A treaty on transnational corporations (TNCs) and human rights moved a step closer during the latest meeting of the UN working group on human rights and transnational corporations, despite challenges from the EU and the US.
COPINH, together with EU based NGOs, demands that following the murder of Berta Cáceres after years of violence and intimidation in relation to the Agua Zarca project, international companies and financiers, specifically FMO, Finnfund, CABEI and Voith Hydro (Siemens/Voith), immediately withdraw all support and funding from the Agua Zarca project, and end any ongoing or prospective involvement in any other project impacting the indigenous Lenca in Honduras.
In today's world transnational corporations (TNCs) have asserted themselves as global entities, which exercise their power without any accountability that matches their economic and political influence. The panelists will assess the impact of a 2014 UNHRC initiative that would bind TNCs in terms of human rights and explore alternatives to the current neoliberal system of corporate impunity.
This important debate on the "UN's work Towards an international legally binding Human Rights Instrument for TNCs" will take place at the European Parliament. Brid Brennan, will speak at the debate and focus on the significant contribution of affected communities, social movements, civil society organisations and human rights networks in advancing the perspectives on the UNHRC initiative and will share the proposals developed by the Campaign to Dismantle Corporate Power.
Social movements and organizations from Africa, Asia, Latin America, US, Canada and Europe will be present in Geneva to launch a week of mobilizations to support the process of building this Treaty that carries the potential of providing needed access to justice and compensation for victims of corporate violations.