Oireachtas Joint and Select Committees

Wednesday, 15 October 2025

Joint Oireachtas Committee on Foreign Affairs and Trade

Binding Treaty on Business and Human Rights at the United Nations: Discussion

2:00 am

Mr. Quelvin Otoniel Jiménez Villalta:

From our side in the Americas, there are some instruments in the UN system around human rights that relate to corporations, but they are voluntary; they are not binding. Canada, also in the Americas, does have a policy on business and human rights but, again, it is voluntary. These voluntary mechanisms allow corporations discretion in whether to apply these policies. There is nothing binding to oblige corporations to comply with human rights. There are some mechanisms within the World Bank, for example, around funding, where some human rights might have to be guaranteed to access certain types of funding but, again, that is not going to apply to all corporations.

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