Launched in March 2023, this document compiles the reasoning and most important arguments the Global Campaign puts forwards regarding content that must be considered in the elaboration of an ambitious and effective Binding Treaty on Transnational Corporations (TNCs) and Human Rights as mandated by Resolution 26/9. A consolidation of the demands of affected communities, indigenous peoples, trade unions, social movements, and civil society organizations, the proposals spelled out here are necessary so the Treaty can effectively regulate the activities of TNCs. They are key to addressing the asymmetries generated by the immeasurable power TNCs exert over their value and production chains at the expenses of States’ and peoples’ sovereignty.
This document is complementary to the official written contributions of the Global Campaign submitted in the framework of the inter-sessional period (8th – 9th sessions) of the Open-ended intergovernmental working group on transnational corporations and other business enterprises with respect to human rights (OEIGWG). There, we analyse the proposals and amendments made by States in previous sessions stressing which articles we believe should be supported, which could be improved, and those we recommend are rejected in the elaboration of the 4th draft to be published in July 2023.
The themes and arguments we expose here are taken from and reflected in different articles of the 3rd revised draft with comments from States. They consolidate over a decade of work and extensive consultations, but they are also part of a living process. Our allies, and all those working to reclaim peoples’ sovereignty, dismantle corporate power, and stop impunity, are welcome to comment and suggestprovisions, arguments, precedents, and amendments that might strengthen our voice and the effectiveness of the future Binding Treaty.
Read the full document below.
Frontiers of an Effective Binding Treaty 03-2023