OECD Responsible Business Conduct Policy Reviews
The OECD Responsible Business Conduct (RBC) Policy Reviews seek to reinforce the role of Governments in promoting and enabling business practices that contribute positively to sustainable development while, at the same time, preventing and mitigating the adverse impacts that their operations, supply chains, or other business relationships may cause, or contribute to causing, on people, the planet, and society.
For this purpose, the OECD RBC Policy Reviews examine the legislations, regulations and policies of a given country in selected areas covered by the OECD Guidelines for Multinational Enterprises, including human rights, labour rights, the environment, and anti-corruption. They also analyse other policy areas through which the government of the country at stake can exemplify RBC, either in its role as an economic actor as a procurer of goods, services and works or owner of companies, and shape business conduct through economic policies, such as trade and investment. On this basis, the Reviews formulate concrete and actionable policy recommendations aimed at providing support to the government in question not only to regulate and enforce in support of RBC but also to leverage and incentivise responsible business practices.
The policy recommendations contained in the OECD RBC Policy Reviews are central to building an enabling policy and regulatory environment to drive, support and promote responsible business practices, which is becoming increasingly important to thrive in the global economy. Such an environment is key for a country to be perceived as a reliable and safe place to source from, trade with, and/or invest in. This is all the more true in a world in which the COVID-19 crisis has severely disrupted international trade and investment and global value chains, and where major trade and investment players are paying more and more attention to RBC issues. Thus, the Reviews constitute reference documents and valuable tools for Governments, as well as for businesses and other stakeholders, seeking to maximise businesses’ contribution to economic, social and environmental progress and limit risks of business-related adverse impacts. As such, they are also relevant and represent important inputs for the development and/or implementation of National Action Plans on Business and Human Rights. |
OECD Responsible Business Conduct Policy Review of Peru
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OECD Responsible Business Conduct Policy Review of Brazil
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OECD Responsible Business Conduct Policy Review of Ecuador |
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OECD Responsible Business Conduct Policy Review of Costa Rica
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See also
OECD Investment Policy Reviews
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