Rights and Accountability in Development (RAID) advocates for binding corporate accountability frameworks, particularly the development of international norms on the human rights responsibilities of companies. RAID works to hold companies to account for illegal and unethical practices by helping victims to obtain redress, and by campaigning for stronger domestic and international mechanisms of regulation for business.
Pursuing corporate responsibility at home and abroad
RAID has been active in the pursuit of corporate responsibility at home and abroad since 2004, when the UN Panel of Experts on the Illegal Exploitation of Natural Resources and Other Forms of Wealth of the Democratic Republic of the Congo accused four British companies of supplying arms or logistical services to rebel or government forces – often in exchange for diamonds and other minerals – and in one case, of having participated in military operations.
Since its founding in 1998, RAID has been at the forefront of efforts to strengthen and implement the mechanisms that can bring corporate misconduct to light and achieve justice for victims of abuse. RAID has played a pivotal role in building consensus around three concepts:
- Companies have responsibilities to respect human rights, everywhere;
- National governments must act to protect people from abuses by companies;
- Extra-territorial monitoring and enforcement mechanisms must be implemented.
RAID has been a leader in such efforts in the Democratic Republic of Congo (DRC), among other countries, assisting victims to seek domestic remedies, and to pursue justice in the courts of countries where companies have their headquarters. See our Casework
At the same time, RAID engages with governments and international organisations to press for the development of fair and just policies. RAID is working to strengthen the effective implementation of international norms such as the OECD Guidelines for Multinational Enterprises, and the UN’s Guiding Principles on Business and Human Rights. See our Policy work
In 2011, RAID embarked on an entirely novel intervention on stock market regulation and human rights. A groundbreaking report, Questions of Compliance, detailed troubling irregularities in the implementation of listing rules for London’s (junior) Alternative Investment Market (AIM). In 2014 RAID expanded its investigations into financial markets and human rights violations in Sanctions, violence, pensions and Zimbabwe, which questioned links between hedge funds, public pension investment and sanctions-busting.