Responsible business conduct in the financial sector

Promoting responsible business conduct in the financial sector is vital to building a sustainable global economy. However, the inherent complexities in the sector such as extensive and complex business relationships or the rapidity of transactions make practical application of effective due diligence systems challenging.

The paper Responsible Business Conduct for Institutional Investors explains the application of the OECD Guidelines for Multinational Enterprises in the context of institutional investors. The paper highlights key considerations for institutional investors in carrying out due diligence to identify and respond to environmental and social risks.

Launch event: This paper was released on 28 March 2017 via a web launch hosted by UN PRI. Listen to the recording to find out more (password: OECDguide1).

Further reading

UN Principles for Responsible Investment

How the financial sector could and should contribute to responsible business conduct, blog by Roel Nieuwenkamp, 2016

Dutch Banking Sector agreement on international responsible business conduct regarding human rights, 2016

Expert letters and statements on the application of the OECD Guidelines and UN Guiding Principles in the context of the financial sector, 2014

Scope and application of ‘business relationships’ in the financial sector under the OECD Guidelines for Multinational Enterprises, 2014 

Due diligence in the financial sector: adverse impacts directly linked to financial sector operations, products or services by a business relationship, 2014

DATE OF PUBLICATION
28 March 2017

Download the paper

CONTACT

For enquiries please contact barbara.bijelic@oecd.org