In November 2020, the OECD Working Party on Responsible Business Conduct agreed to undertake a stocktaking study on the OECD Guidelines for Multinational Enterprises.
The stocktaking will aim to assess how the OECD Guidelines have been used to address evolving issues related to responsible business conduct since 2011, and their suitability for the future. It will build on work carried out by Adherents and their National Contact Points and identify key achievements, gaps and new issues, including by analysing issues raised in the handling of specific instances as well as major policy developments in the field. The overall objective of the stocktaking study is to provide a clearer picture as to whether the Guidelines remain fit-for-purpose, and support the OECD in its efforts to ensure the effective implementation of the OECD Guidelines on the ground and the continued relevance of its work on responsible business conduct in accordance with the OECD’s mission of better policies for better lives.
Stakeholder consultations will be important for this endeavour. As per normal practice, the OECD will consult with business, workers, civil society and other experts throughout the process and solicit their views. It will also consider experiences with other relevant international standards with a view to strengthening global coherence and cooperation.
More information on the stocktaking, including on the timeline, will be made available in due course.