Entrepreneurship and Human rights

Due dili­gence plays a cen­tral role in the Busi­ness Part­ner­ship Facil­i­ty, the Lux­Aid Chal­lenge Fund and the Lux­Aid Demon­stra­tion Fund, which are among the instru­ments for part­ner­ship with the pri­vate sec­tor. Thus, the financ­ing grant­ed to Euro­pean enter­pris­es and in devel­op­ing coun­tries is con­di­tion­al on con­crete com­mit­ments con­cern­ing the social­ly and envi­ron­men­tal­ly respon­si­ble con­duct of businesses.

The Direc­torate for Devel­op­ment Coop­er­a­tion and Human­i­tar­i­an Affairs has active­ly par­tic­i­pat­ed in the work of the ​“Enter­pris­es and Human Rights” work­ing group, respon­si­ble for imple­ment­ing and mon­i­tor­ing the sec­ond nation­al action plan on busi­ness and human rights. Since Sep­tem­ber 2023, LuxDev has been a mem­ber of the Busi­ness and Human Rights Nation­al Pact, demon­strat­ing the agency’s con­crete com­mit­ment to iden­ti­fy­ing risks and pre­vent­ing human rights vio­la­tions. In addi­tion, on 1 June 2023 Lux­em­bourg, togeth­er with the Nether­lands, Ger­many and Bel­gium, signed the Joint Dec­la­ra­tion on Liv­ing Income and Liv­ing Wages. The dec­la­ra­tion pro­pos­es con­crete actions for the imple­men­ta­tion of decent wages and incomes in glob­al sup­ply chains.