1. The OECD Guidelines for Multinational Enterprises (OECD Guidelines) are the most comprehensive international standard on RBC. The OECD Guidelines reflect the expectation from governments to businesses on how to act responsibly. They cover all key areas of business responsibility, including human rights, labour rights, environment, bribery, consumer interests, as well as information disclosure, science and technology, competition, and taxation.
2. The National Contact Points for RBC (NCPs)are established by governments to promote the OECD Guidelines and to handle cases against companies when the OECD Guidelines are not observed as a non-judicial grievance mechanism. NCPs are a unique implementation mechanism on RBC and have supported access to remedy on a global scale by providing a platform for mediation and conciliation.
3. Risk-based due diligence, a key element of RBC, is a process through which businesses identify, prevent and mitigate their actual and potential negative impacts and account for how those impacts are addressed.