Answer:
The correct answer is: due diligence.
Step-by-step explanation:
We understand Due Diligence in Human Rights that process of continued management, which a reasonable and prudent company needs to carry out, to fulfill its responsibility for respecting Human Rights. It is a complex system, which must be integrated transversally in the operational and decision-making processes of the company. Acting with due diligence in the field of Human Rights improves the management of the company in different areas:
- It completes its risk management system, enabling the early identification of conflicts and preventive mitigation actions.
- Improves good governance mechanisms by providing information for decision making.
- Reduces costs arising from conflicts and possible legal actions that could have been avoided.
- Expands opportunities for access to financing and investment.
- And in general, it strengthens relations with stakeholders, developing in contexts of less uncertainty.