I am delighted to open today’s seminar on international co-operation for long-term financial integration. I would like to thank the government of Japan for co-sponsoring this event under its G20 Presidency.
Today we will be discussing new opportunities for trade and investment, how to reap economic benefits, and how to optimise growth and well-being in the region.
The OECD Guidance is global in scope, applies to all mineral supply chains, and is part of the OECD’s broader agenda on responsible business conduct, guided by the OECD Guidelines for Multinational Enterprises and supported by governments through the National Contact Point (NCP) mechanism. The increased uptake and political attention to these instruments are producing important results.
Although responsible business conduct is a duty for businesses, it also offers major business opportunities. There are numerous studies showing that socially responsible businesses get better financial results, thanks to their enhanced reputation, their capacity to attract and retain more highly qualified staff, and the broader “social licence to operate” they enjoy.
The OECD welcomes the work of the G20 Eminent Persons Group. Its far reaching proposals to reform the global financial architecture and governance provide a lot of food-for-thought on a crucial topic
I want to congratulate the Argentinian Presidency for developing the Roadmap to Infrastructure as an Asset Class. The OECD strongly supports this important initiative and has actively contributed to its development over the past months.
Welcome to the 6th edition of the Global Forum on Responsible Business Conduct. I am delighted to see so many leaders and experts from all over the world, from the public and private sectors, international organisations and civil society. Your presence is a testament of our shared engagement to deliver open and level playing fields, which put competition, integrity and responsibility at their heart.
The OECD is proud to support the implementation of the G20 Compact with Africa as a partner institution.
Despite these glimmerings of hope, the multilateral system is under strain and governments around the world are facing a public backlash against globalisation, open markets and trade. This is partly due to a lack of trust in the international system and partly because the benefits of globalisation have not been evenly distributed across all peoples and regions.
I would like to start by congratulating the Argentinian Presidency for developing the Roadmap to Infrastructure as an Asset Class. The OECD strongly supports its proposed areas of focus, which recognise previous G20 work and OECD contributions