Childrens Rights and Business Principles Corporate Social Responsibility Corporate Registry Forum 2014. Rio de Janeiro. Maya Faisal. UNICEF MALAYSIA. mffaisal@unicef.org

Presentation Outline 1. Corporate Social Responsibility and Children 2. Business and Human Rights 3. Ten Principles of Childrens Rights and Business Principles 4. Companies Commission Malaysia and UNICEF Collaboration 5. Success Factors and Challenges Ahead

Why specific guidelines on childrens rights and business ?

DEFINITION OF A CHILD A child is every human being under the age of 18 years

Childrens Rights and Business Principles FOUNDATION AND STRUCTURE Convention on the Rights of the Child UN Guiding Principles on Business and Human Rights ILO Conventions Built on existing standards, initiatives and best practices Connecting the dots, and bringing a child rights lens to sustainability.

4/23/20147 THE GUIDING PRINCIPLES ON BUSINESS AND HUMAN RIGHTS (2011) State duty to PROTECT Corporate responsibility to RESPECT Rights of victims to access an effective REMEDY Global benchmark for government and business to address human rights

CRBP

CRBP

http://www.unicef.org/csr/12.htm Video on CRBP

CRBP into action Training on childrens rights and business principles. Reinforcing the due diligence process Localizing the situation based on primary business industries Building a pool of Malaysian trainers Building capacity for Small Medium Enterprises, Public Listed Companies, Government Linked Companies

In Malaysia, how did SSM-UNICEF translate the CRBP into action ?

Success Factors Malaysias National Vision 2020 to become a high income nation. Tax Incentives Companies Commission Malaysia(SSM) Corporate Responsibility Agenda Bursa Malaysia Listing Requirements & its initiatives on ESG. Silver Book Guidelines for Government Linked Companies. The Government contributes to a positive CSR Environment through:

Success Factors Over 1 million companies and 5 million businesses registered with SSM 2009 rolled out of the corporate responsibility agenda Promotion of corporate governance that goes hand-in-hand with responsible business. Acknowledging competitive business market will require a strong case for sustainability and relevant business practice. SSMs regulatory role for all businesses and companies is well established:

Challenges Ahead The upcoming amendments to the Malaysia Companies Act in 2014 will look at voluntary disclosure and reporting of CR. Voluntary reporting on CSR would indirectly place companies in a position to re-strategize their business operations internally and externally and in many cases will impact consumers, employees, suppliers and community stakeholders, including children. The framework of the CRBP could provide guidance to many companies on how best to formulate their CSR work and strategic engagement. Reporting on corporate responsibility

UNICEF CSR TOOLS

TERIMA KASIH GRACIAS THANK YOU OBRIGADA UNICEF Malaysia/2011/Zahri www.unicef.org/csr