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.
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.
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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?
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 :
- read session note from 2019 OECD Forum on Due Diligence in the Garment and Footwear sector
Global Climate Action and RBC
To find out more about how to participate in this work, please contact Stephanie Venuti Stephanie.VENUTI@oecd.org
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