09/06/2023 - At the 2023 Meeting of the OECD Council at Ministerial Level, Ministers adopted newly updated Guidelines for Multinational Enterprises on Responsible Business Conduct designed to respond to urgent social, environmental and technological priorities facing business and society.
The Guidelines, last updated in 2011, are the leading global standard on responsible business conduct and are widely applied in business practice and public policy. They are recommendations jointly addressed by governments to multinational enterprises in order to enhance business’ contribution to sustainable development and address the adverse impacts of business on people, planet and society.
Key changes include:
The update of the Guidelines was conducted by the 51 countries that adhere to the Guidelines, including both OECD members and non-members accounting for two-thirds of global trade. The update benefitted from close involvement of the OECD institutional stakeholders Business at OECD, the Trade Union Advisory Committee to the OECD, and OECD Watch, representing the views of millions of businesses, workers, and civil society members globally. The process also included two public consultations that were open to interested stakeholders from all countries.
For more information, journalists should contact Allan Jorgensen, Head of the OECD’s Responsible Business Conduct Centre (tel: + 33 1 85 55 47 04), or Spencer Wilson of the OECD Media Office (tel. + 33 1 45 24 81 18).
Working with over 100 countries, the OECD is a global policy forum that promotes policies to preserve individual liberty and improve the economic and social well-being of people around the world.