Professor Galit Sarfaty, a UBC Law professor, has had her article “Regulating through Numbers: A Case Study of Corporate Sustainability Reporting” selected as a finalist for the Harvard Business Review- McKinsey Prize for Management Innovation. The article looks at whether corporations should put a numerical value on human rights and examines the widespread use of quantitative indicators in international law and the limitations of using statistical tools in regulatory governance.
As described in UBC News, the article argues that the use of statistical tools in regulatory governance may produce a “box ticking” approach, which entails superficial changes without any substantive effect on behaviour. The process of disclosing information can become an end in itself. Instead, the article posits that measuring human rights performances should involve field visits and interviews to provide a more accurate reflection of what the company is doing.