Stocktaking exercise on the OECD Guidelines for Multinational Enterprises
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The OECD Guidelines for Multinational Enterprises
The OECD Guidelines for Multinational Enterprises (MNE Guidelines) reflect the expectation from governments to businesses on how to act responsibly in all areas where business interacts with people, the planet and society, including human rights, labour rights, environment, bribery, consumer interests, as well as information disclosure, science and technology, competition, and taxation
2021 marked the 10th anniversary since the MNE Guidelines were last revised. In 2020, the OECD Working Party on Responsible Business Conduct (RBC) initiated a stocktaking exercise to obtain a clearer picture as to whether the MNE Guidelines remain fit for purpose; and to provide a basis upon which to discuss potential options for moving forward.
Stocktaking report on the OECD Guidelines for Multinational Enterprises
3 May 2022 - In support of the stocktaking exercise, this stocktaking report assesses the key developments, achievements and challenges related to the MNE Guidelines and their unique grievance mechanism, the National Contact Points for RBC, as well as the ecosystem in which the OECD Guidelines are implemented.
The report was developed based on inputs from the National Contact Points for RBC; inputs by the Institutional Stakeholders BIAC, TUAC and OECD Watch; and consultations with OECD Committees; and inputs received during an online public consultation held from 1 June until 14 September 2021. Download the stocktaking reportNext steps
Following the finalisation of the Stocktaking Report, the Working Party is considering options for moving forward to ensure that the MNE Guidelines and their implementation including through the NCP system remain fit for purpose.
At the 9-10 June 2022 Meeting of the OECD Council at the Ministerial Level (MCM), Ministers stated the following in the 2022 Ministerial Council Statement: “We recognise the importance of responsible business conduct for resilient and sustainable global supply chains. We acknowledge the importance of strengthening international cooperation on global supply chains, including by promoting human rights and internationally recognised labour rights and enhancing clarity and predictability for business that respect human rights in supply chains. In this connection, we look forward to reinforcing corporate governance and Responsible Business Conduct, including through the OECD’s review of the G20/OECD Principles of Corporate Governance by the end of 2023, and through working towards a targeted update of the OECD Guidelines on Multinational Enterprises to advance their implementation, promotion and to keep them fit for purpose. We reiterate our commitment to have fully functioning National Contact Points.”
For more information, please contact rbc@oecd.org |
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