Holding business to account

©Julien Daniel/OECD

The promotion of responsible business conduct has taken an important step forward with the launch of a new reporting framework. Businesses now have no excuse for not explaining how they’re meeting their human rights obligations. 

In 2011 the UN Human Rights Council unanimously endorsed the UN Guiding Principles on Business and Human Rights, which I had developed over the course of a six-year mandate as the Secretary-General’s Special Representative for this issue. Around the same time, the OECD adopted its updated Guidelines for Multinational Enterprises (MNE), incorporating a new human rights chapter mirroring the UN Guiding Principles. 

The parallels are no coincidence. My team and I worked closely with those leading the OECD revision process. This collaboration helped provide clarity and convergence regarding the expectation that companies should, at a minimum, respect human rights across their operations and value chains. 

Read the full article here.

©OECD Yearbook 2015

See also:

2015 OECD Yearbook

2015 OECD Forum

 




Economic data

GDP growth: +0.5% Q2 2019 year-on-year
Consumer price inflation: 1.6% September 2019 annual
Trade: -1.9% exp, -0.9% imp, Q2 2019
Unemployment: 5.1% August 2019
Last update: 6 November 2019

OECD Observer Newsletter

Stay up-to-date with the latest news from the OECD by signing up for our e-newsletter :

Twitter feed

Subscribe now

<b>Subscribe now!</b>

Have the OECD Observer delivered
to your door



Edition Q2 2019

Previous editions

Don't miss

Most Popular Articles

NOTE: All signed articles in the OECD Observer express the opinions of the authors
and do not necessarily represent the official views of OECD member countries.

All rights reserved. OECD 2019