Most businesses are good. They pay their taxes, they create employment, they abide by the laws, and they generally contribute to the societies in which they operate. But what can be done when businesses behave badly? This blog discusses the National Contact Points, the unique grievance mechanism of the OECD Guidelines for Multinational Enterprises, and how could be improved to better fulfill their potential.
La République tchèque se distingue depuis longtemps par sa capacité d’innovation et sa créativité. Après tout, elle est la patrie de l’écrivain Karel Čapek, qui a inventé le mot « robot » en 1921. Soixante-dix ans plus tard, Jan et Zdenak Sverak définissaient la créativité tchèque dans leur film L’École élémentaire, nominé aux Oscars, à travers le personnage du bricoleur sachant tout faire, tout réparer.
There is strength in unity but when it comes to regional co-operation to enhance development, this lesson can be lost. This blog post examines how regions such as the Southern African Community for Development (SADC) and the Association of Southeast Asian Nations (ASEAN) use the Policy Framework for Investment to enhance their investment policies and to attract investment that works for the development of the region as a whole.
Les entrepreneurs sociaux et les pouvoirs publics ne parlent pas la même langue. Leur compréhension mutuelle est pourtant essentielle pour que les entreprises que nous faisons naître et prospérer permettent de mener une vie de qualité.
This blog post John Morrison, Executive Director of the Institute for Human Rights and Business, discusses what the social responsibilities of sporting events should be and argues for greater oversight and due diligence at every stage of the mega-sporting events delivery process.
This blog post discusses how the UN Guiding Principles Reporting Framework, introduced in February 2015, help companies provide evidence of how they are conducting human rights due diligence: the process of assessing and addressing their human rights impacts, and tracking and communicating how well they do so.
The greatest puzzle today is that since the global crisis financial markets see so little risk, with asset prices rising everywhere in response to zero interest rates and quantitative easing, while companies that invest in the real economy appear see so much more risk. What can be happening?
Two years ago today, the Rana Plaza building in Bangladesh’s capital Dhaka collapsed, killing over 1,100 people and injuring another 2,500. The dead and injured were garment workers. This blog post looks at due diligence in the apparel supply chain.
Climate change and, more generally, environmental damage have quantifiable economic and health costs, which weigh on long-term growth and well-being. If left unchecked, climate change is projected to decrease global GDP by 0.7 to 2.5 % by 2060. At the same time, the costs to society of air pollution already appear substantial–equivalent to some 4% of GDP across OECD countries and even higher in some rapidly developing economies.
This article by Roel Nieuwenkamp talks about the trend of hardening of soft law in the domain of responsible business conduct. It argues that legislative proposals related to existing international instruments should not seek to reinvent the wheel, but to reinforce it. Existing instruments that are widely recognised and proven to be effective and reasonable should represent a foundation for their legally-binding counterparts.