From ‘due diligence’ to ‘adequate redress’. Towards compulsory human rights and environmental insurance for companies?

This article considers the case for compulsory corporate human rights and environmental insurance. From the perspective of corporate law, changes have taken place within a legal framework that has certain features that have hindered the availability of remedies for victims of associated human rights and environmental harm. This article problematises the issue of redress for corporate human rights violations and environmental degradation within the context of international developments in this field. It considers whether there is a prima facie case for the establishment of a comprehensive compulsory human rights and environmental insurance regime for companies that would require them to operate to a high standard of care in their operations, and which would ultimately provide a more straightforward system of redress for victims.