Japan has a long tradition, albeit domestically focused, of putting people before profits. As an island nation with limited natural capital, Japan has been extremely successful in environmentally sustainable business. Japanese companies must now leverage this to demonstrate sustainability credentials in broader geographical and subject areas, namely, in their overseas supply chains and as regards respect for internationally recognized human rights. Concretely, Japanese companies must show evidence of a PDCA (“plan, do, check, act”) cycle that also includes risks to the human rights of the company’s stakeholders domestically and abroad (i.e., human rights due diligence).
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