Note: Single-source report; awaiting corroboration.
The OECD Guidelines for Multinational Enterprises provide the leading international framework for businesses and investors to manage their impacts on people, the environment, and society. These guidelines address key issues such as climate change, human rights, labor standards, anti-corruption, and technology investment.
Responsible business conduct (RBC) is essential for building sustainable and resilient economies that improve lives for current and future generations. Private businesses contribute about 70% of GDP in OECD countries and 90% of employment in developing countries. Private investors are expected to supply 90% of the climate finance needed by emerging and developing economies. Companies also account for 85% of technology investment in OECD countries, and globally, 70% of trade occurs within global value chains.
Governments adhering to OECD standards must establish National Contact Points (NCPs) to promote responsible business conduct and handle complaints regarding multinational enterprises. This network currently covers more than 700 cases across over 110 countries and territories.
The OECD Investment Declaration, adopted in 1976 and supported by 52 governments, incorporates the RBC Guidelines. It commits to fostering an open investment environment and encourages multinational enterprises to contribute positively to environmental, economic, and social progress.