Table of contents
- The OECD Guidelines—background
- The revised Guidelines
- Environment and climate change
- Risk-based due diligence—general updates
- Lobbying activities
- OECH National Contact Points for Responsible Business Conduct (NCPs)
- Why are the updates important?
Article summary
Corporate analysis: On 8 June 2023, the Organisation for Economic Co-operation and Development (OECD) published an updated version of its Guidelines for Multinational Enterprises (Guidelines). The update was developed collaboratively by OECD member countries and supported by numerous institutional stakeholders—including the EU. This briefing outlines the key revisions to the Guidelines and discusses how, perhaps unsurprisingly in light of the EU's contributions, they align and interact with current and proposed EU sustainable finance and ESG regimes, such as the Sustainable Finance Disclosure Regime (SFDR), the EU Taxonomy Regulations (EU TR), the Corporate Sustainability Due Diligence and Reporting Directives and voluntary initiatives such as the United Nation's Principles for Responsible Investment (UNPRIs). Written by Doug Bryden (Head of Risk & Operational Regulatory), Sarah-Jane Denton (Consultant), Alexandra MacBean (Associate) and Fergus Crutchley (Associate), Travers Smith.
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