March 13, 2019
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Responsible Business Conduct urges ethical, transparent governance and standardised non financial reporting tied to human rights and sustainability.
The NGRBC set a voluntary principle based framework requiring businesses to adopt ethical, transparent and accountable governance and integrate social, environmental and economic responsibilities across operations. They articulate nine core principles including human rights, employee wellbeing, environmental protection, stakeholder responsiveness and responsible policy engagement. The guidelines update the 2011 NVGs, reflect the UN Guiding Principles on Business and Human Rights and domestic duties under the Companies Act, and prompt standardised non financial reporting through Business Responsibility Report formats linked to global frameworks and the SDGs.