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Responsible business conduct and climate change

 

What does it mean for business to act responsibly in the face of a climate emergency?

 

Achieving the goals of the Paris Agreement requires collective action from governments and non-state actors, in particular, the private sector. For business, this means ambitious mitigation action to reduce greenhouse gas (GHG) emissions and thereby the adverse climate related risks and impacts of their operations on people and the planet. It also means strengthening the climate resilience of companies in order to address and adapt to the physical and transition risks of climate change on their direct operations and supply chains - including impacts on workers, local communities and the natural environment.

Companies which are able to increase mitigation and adaptation responses to climate change risks and impacts, are better able to meet investor and consumer expectations, maintain social licence to operate, mitigate reputational damage, increase competitiveness and protect their bottom line. These expectations are captured by the OECD Guidelines for Multinational Enterprises (the OECD Guidelines) on Responsible Business Conduct (RBC).

 

A number of the expectations within the OECD Guidelines extend to business action on climate change . These expectations include setting science based targets that are consistent with international commitments, disclosure of social and environmental risk reporting with a particular focus on GHG emissions, providing access to information and informing consumers of the environmental and social impact of their decisions, and fostering diffusion of science and technology.

 

Find out more

OECD-UN Climate Change session: Global Climate Action and Responsible Business Conduct: What does it mean for business to act responsibly in the face of a climate crisis?

 

OECD-OHCHR session: The business and human rights dimension of climate change: addressing access to remedy 


Watch the speech by OECD Secretary-General Angel Gurría

 RBC-COP25-LOGO for RBC and climate change page

 

Quote : Dante Pesce - member of the UN Working Group on Business and Human Rights, discuss the session : "the OECD Guidelines for MNEs provides the how to business to help them identify their impacts in a 360 degree way and avoid silos"

 

For more information about RBC and climate change :

 

The role of business in addressing climate change and human rights : translating global agendas into practical action and scaling ambition - read session note

 - read blog  How can business meet its responsibility to address climate change?

Addressing Climate Change in the Fashion Sector: a collaborative approach

 - read  session note from 2019 OECD Forum on Due Diligence in the Garment and Footwear sector

Global Climate Action and RBC

  

OECD Guidelines for Multinational Enterprises

 

National Contact Points for RBC 

 

 

 

RBC-NCP icon for climate change page

 OECD Due Diligence Guidance for RBC

 

OECD sectoral Due Diligence Guidance
 RBC-DDG cover-bijou-180x250  RBC - DD for responsible corporate lending - bijou - 180x250

  

Contact us

To find out more about how to participate in this work, please contact Stephanie Venuti Stephanie.VENUTI@oecd.org

 

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