1.3. The need for a human rights-based approach to sustainable development There are existing international instruments that we can derive inspiration and direction from as we "adapt" and "adopt" in a rapidly changing environment. In addition to the UNGP-BHR, the 2030 Agenda for Sustainable Development, containing the 17 Sustainable Development Goals (SDGs), is of primary relevance. Agreed upon by 170 countries, including the Philippines, in 2015, the 17 SDGs are a blueprint for transforming the current planet instability, social inequities, and gender inequality into a more peaceful, more equitable, and more prosperous world. More specifically, the SDGs aim at universally ending poverty, protecting all that makes the planet habitable, and ensuring that all people enjoy peace and prosperity at present and in the future.23 With the SDGs' focus on empowerment and inclusion, there is a strong global affirmation that the human rights of women and men alike are essential to sustainable development because these goals are only achievable when human rights are protected, respected, and fulfilled in all settings, including the context of the business as emphasized in the UNGP-BHR. Corporations are beginning to look into sustainability efforts as it has been increasingly integrated into reporting requirements. The Philippine Securities and Exchange Commission has mandated all publicly listed companies in 2019 to submit a sustainability report, wherein their efforts to contribute to the attainment of the country's SDGs commitments and to support the Philippine Development Plan 2017-2022 (PDP – Ambisyon Natin 2040) should be emphasized.24 Corporations are dependent on people and the environment; thus, it is crucial and 'smart business' to approach sustainability in economic, social, and environmental spheres. Accordingly, if companies are to comply with the SEC regulations, attention to human rights is critical. 2. BUSINESS AND HUMAN RIGHTS The business impacts on human rights are wide-ranging, multi-dimensional, and contextdependent as these are influenced by the type of industry and the environment in which it operates. Figure 2 illustrates the positive and negative human rights impacts of businesses. Figure 2: Human rights impacts of business25 Displacement of communities Water contamination Community engagement Self-determination Freedom of opinion Privacy Diversity Recruitment fees Passport retention Forced labor Child labor Sexism Harm Discrimination Underpayment Modern slavery Respect for human rights is an opportunity for transformative change in people’s lives Excessive force Exploitation Unsafe working conditions Data privacy infringements Respect Health and safety Inclusion Dignity Gender equality Fair wages Fair trial Education Land rights Collective bargaining Freedom of association Living wage Children’s rights Empowerment Freedom of movement 5

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