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Responsible business matters

Responsible business matters. Sustainable Development, Inclusive Growth and the OECD Guidelines for Multinational Enterprises. CSR Summit 2014 April 15, 2014 Prague. AGENDA. Global Trends in Responsible Business Conduct OECD Guidelines for Multinational Enterprises

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Responsible business matters

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  1. Responsible business matters Sustainable Development, Inclusive Growth and the OECD Guidelines for Multinational Enterprises CSR Summit 2014 April 15, 2014 Prague

  2. AGENDA Global Trends in Responsible Business Conduct OECD Guidelines for Multinational Enterprises Priority areas and the way forward

  3. Global Trends Moving beyond growth RBC as a crucial part of a healthy business environment Market integrity is essential

  4. RBC: Convergence and Coherence • Two core instruments • OECD Guidelines for Multinational Enterprises • UN Guiding Principles on Business and Human Rights • Clearer and stronger principles and standards • Understanding of baseline responsibilities • More predictable business environment • Historical opportunity to turn ideas into action

  5. OECD Guidelines for Multinational Enterprises • Most comprehensive and only government-backed international corporate responsibility instrument in existence today • Addressed to MNEs operating in or from adhering countries • Purpose is to ensure business operations: • are in harmony with government policies; • strengthen the basis of mutual confidence with host societies; • help improve foreign investment climate; • enhance contribution to sustainable development • Updated in 2011

  6. Who adheres? • 46 governments from all regions of the world • 34 OECD members • 12 non-OECD members • Use the Guidelines an essential component of open trade and investment policies

  7. Who adheres?

  8. Unique Implementation Mechanism:National Contact Points • Main responsibility is to further the effectiveness of the Guidelines by: • undertaking information and promotion activities; • contributing to the resolution of issues that arise in the implementation of the Guidelines in specific instances; • reporting on their activities.

  9. Specific Instance Process

  10. Specific Instances Goal: successful resolution of issues • More than 300 considered since 2000 • 50 under active consideration • 36 new in last implementation period • Trends: • Human rights, labour and environment predominant issues • Most frequently cited sectors: extractives, manufacturing, financial services • Concern non-adhering countries (63% in 2013) • New Database

  11. Unique Implementation Mechanism: Proactive Agenda • Helps business identify and respond to risks of adverse impacts associated with particular products, regions, sectors, or industries • Characteristics: • Adds value • Avoids duplication • Relies on a multistakeholder process • No new normative framework • Three projects ongoing • Due diligence in the financial sector • Stakeholder engagement and due diligence in the extractive sector • Responsible investment in agricultural supply chains • Responsible supply chain management in the textiles sector (tbc)

  12. To sum up…the Guidelines are: • Comprehensive • Government-backed • Unique implementation mechanism • National Contact Points • Proactive Agenda • Comprehensive approach to due diligence and responsible supply chain management • Good practice for all • Regularly updated

  13. Way Forward • NCP Peer Learning and Capacity Building • Focus on thematic issues: mediation and peer learning • Regional NCP coordination • Outreach and Communication • Cooperation with emerging economies and partner organisations (UN GC, OHCHR, GRI, ILO, IFC, UN ESCAP) • Enhancing the role of the OECD • Global Forum on Responsible Business Conduct • New Working Party on Responsible Business Conduct • New “RBC In” Publication Series • Central hub for information • Implementation of the proactive agenda

  14. Thank you! mneguidelines.oecd.org

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