PART 4: HOW SHOULD BUSINESS RESPOND? Figure 4: Key actions for developing a human rights policy Process Content Implement Monitor 38 | • Assign senior leadership to oversee the development and sign off on the finalised policy • Create a cross-functional team to develop the policy • Map existing policies to identify gaps • Engage key stakeholders and conduct research to develop an understanding of the potential and actual human rights impacts • Clearly articulate a commitment to all internationally recognised human rights and labour rights • State who it applies to, for example the entire corporate group, suppliers, business partners etc, and key expectations • Outline the business’ salient human rights issues • Describe how the policy will be implemented, monitored and reviewed • Share the policy across the business and conduct training to ensure understanding and respect • Embed the policy into operations, practices, strategies and business relationships • Share the policy with key stakeholders including business partners and relationships and make the policy publicly available • Consult key stakeholders, internal and external, on the implementation of the policy to ensure it remains relevant and appropriate • Develop indicators to measure and track performance and implementation • Review the policy as part of your human rights due diligence process