According to the European Commission,

One of the aims of the EU is to ensure that economic growth goes hand in hand with social justice, respect for human rights, high labour and environmental standards, and health and safety protection. This applies to external as well as internal policies, and so also includes trade and investment policy. 1

To this end ‘corporate respect for human rights and its embedding in corporate operations and value and supply chains is indispensable to sustainable development and achieving the SDGs’. 2 Indeed as demonstrated by Paolo Farah in his chapter to this book ‘[t]he necessary precondition for the realization of SDGs is the inclusive governance framework’, 3 involving all stakeholders, including governments, civil society and private sector.