Soon some Latvian companies will have to report publicly on their due diligence processes. It will be required under the forthcoming Sustainability Information Disclosure Law. In some European countries (e.g. France, Germany and Norway) it is already a legal obligation for some companies to conduct human rights due diligence. Such a requirement is also expected at a European Union level when the Corporate Sustainability Due Diligence Directive is adopted.
Latvian companies can increasingly find human rights clauses in their cooperation agreements. Various human rights requirements can be often found in the codes of conduct for business partners. Human rights due diligence is a continuous process explained in the UNGPs and the OECD Guidelines that allows companies to identify, prevent, mitigate and account for how they address their negative impacts on human rights.
The conference “Human Rights as the New Fuel for Business” aims to explain what this means in practice for businesses and what will be expected of them with the adoption of the law and the directive. The conference will take place at the Riga Graduate School of Law and it is open to entrepreneurs and everyone interceded in the topic. Registration is free and open until 29 February by filling out this application form (in Latvian).
Date: 7 March 2024
Time: 10:00–14:00
Venue: Riga Graduate School of Law, Strēlnieku iela 4, k-2, Riga, or online.
Language: English. Translation into Latvian will be provided at the conference. Please charge your mobile phone and bring your earphones for the translation.
The conference is organised by the Ombudsman’s Office of the Republic of Latvia, Riga Graduate School of Law and Nordic Council of Ministers’ Office in Latvia.
To learn more about the conference, click here.
