Corporations Urged to Embrace Human Rights and Global Solidarity Amid Rising Inequality

Bailliet noted that the world’s largest corporations now wield economic power exceeding that of most countries, giving them immense influence over the lives of millions.

Amid widening inequality and deepening social and political polarisation across the globe, corporations are being called upon to play a more active and responsible role in addressing humanity’s shared challenges. In a recent report presented to the UN General Assembly, Cecilia Bailliet, the UN Independent Expert on Human Rights and International Solidarity, underscored the pressing need for companies to embrace a model of corporate behaviour rooted in ethical responsibility, sustainability, and respect for human dignity.

Corporations’ Expanding Influence and Responsibility

Bailliet noted that the world’s largest corporations now wield economic power exceeding that of most countries, giving them immense influence over the lives of millions. “With the market value of the world’s largest companies exceeding the GDP of most countries, the responsibility of corporations to positively contribute to the well-being of communities and society is significant,” she said.

As more people depend on corporations for access to essential goods and services such as food, housing, water, and energy, the lines between private profit and public welfare have become increasingly intertwined. The report calls on States to ensure that companies act responsibly by protecting consumer rights, offering sustainable goods, providing fair wages and safe working conditions, and safeguarding the environment.

The Rise of Corporate Power and Its Consequences

The UN expert expressed concern over the growing political and cultural influence of corporations, warning against what she termed “corporate political posturing” and the manipulation of popular culture. Of particular concern is the use of strategic lawsuits and surveillance tactics against human rights defenders and environmental activists who challenge unethical corporate practices.

Bailliet emphasised that the suppression of civil society voices not only undermines human rights advocacy but also weakens the social accountability mechanisms that are essential for democratic governance and sustainable development.

Strengthening Corporate Accountability Through Law

The report urged governments to introduce and enforce robust due diligence legislation requiring corporations to undergo independent human rights and environmental risk assessments. Such measures, Bailliet argued, would help ensure that businesses operating in conflict zones or fragile environments are held accountable for their impact on local populations and ecosystems.

Mandatory audits, transparency mechanisms, and grievance redressal systems are critical to preventing abuses and ensuring that affected communities have access to justice and remedies. The report also called for international cooperation to harmonise corporate accountability standards across borders, preventing companies from exploiting regulatory loopholes.

Building a Future of Solidarity and Shared Prosperity

Despite highlighting several challenges, Bailliet’s report also points to an opportunity for transformation. “Despite the challenges, there is also an opportunity for companies to step up and to be a force for good,” she stated.

By partnering with governments, international organisations, civil society groups, and faith-based institutions, corporations can contribute to building inclusive economies that prioritise social welfare alongside profit. Such collaboration can drive innovation in renewable energy, ethical supply chains, and equitable labour practices—paving the way for a more sustainable and peaceful global order.

Bailliet concluded that corporations must see themselves not as isolated profit-seeking entities but as essential partners in achieving global solidarity. “Corporations, along with States and other actors, are key to ensuring a much-needed shift to 21st century multilateralism based on international solidarity,” she said.

As inequality, climate change, and social fragmentation continue to define this century’s global challenges, the moral and social legitimacy of corporations will increasingly depend on their ability to align business goals with the universal principles of human rights, justice, and sustainability.