The need for policy reform to allow for a responsible investment policy that secures our future and is coherent with Ireland's international obligations.
Corporate accountability
We ask companies to take responsibility for their actions.
Business activities are central to the well-being of national and international economies.
But in many developing countries and internationally there is a lack of safeguards to prevent business enterprises from becoming complicit in, or tacitly benefiting from, human rights abuses.
Business and Development, Trócaire Development Review 2009
What we're doing
We're supporting human rights and environmental activists in many countries across the world who are actively addressing the negative impacts of multinational corporations (MNC's). In most cases the work arises due to the manner in which mineral resources such as oil, diamonds, timber and others are being extracted.
Often weak regulatory oversight and rule of law result in MNC’s operating in a manner that does not respect fundamental human rights. Such abuses result in developing countries not obtaining a fair and reasonable benefit from the foreign direct investment made in their countries. The absence of any significant benefit serves to undermine prospects for eradicating poverty.
We're also working with international partners such as Global Witness and the European Coalition for Corporate Justice to highlight these injustices with policy and decision makers in Ireland and beyond so that there is better regulation and overrsight of MNC actions.
Related policy papers
Submission by Trócaire to the Interdepartmental Committee to Consider the Appropriateness of an Ethical Investment Policy for the NPRF, June 2009.
In preparation for the European Parliament elections which will be held in Ireland on June 5th 2009, this document outlines six key priorities which Trocaire is calling on Irish MEPs to take forward in the next European Parliament 2009-2004.
This document sets out the vision of CIDSE and its partner organisations in Latin America regarding the prevailing challenges related to extractive industries on the continent.
En base a la experiencia de estos y otros grupos, el presente documento plantea la visión de CIDSE y de sus organizaciones copartes en América Latina respecto a los enormes retos relacionados con las industrias extractivas en el continente.
