Okay kiddo, the United Nations Guiding Principles on Business and Human Rights are like rules that grown-up companies have to follow to make sure they don't hurt people or take advantage of them when they do business.
Think about it like this: When you play with your friends, you have to follow certain rules to make sure everyone is safe and happy. You can't shove or hit your friends, right? That would make them sad and hurt. Well, companies also have to follow rules to make sure they don't hurt people when they do business.
The UN Guiding Principles say that companies have a big responsibility to respect human rights. That means they can't do things that would hurt people's basic needs or rights, like their right to be treated with respect and dignity, to speak out, to work in a safe place, and to have access to things like water and food.
For example, if a big company wants to build a factory in a town, it has to make sure that it won't ruin the environment, that it will be safe for the workers who will work in the factory, and that it won't force people to leave their homes or damage their way of life. This helps protect the rights of the people who live in that town.
The UN Guiding Principles are like a guidebook that companies can use to make sure they're doing the right thing. They help companies make good choices and make sure they don't hurt people in the process of making money.