A "4x10" plan for why and how to unlock the potential of the OECD GuidelinesTuesday, June 7th, 2016
In June 2016, the OECD Guidelines for Multinational Enterprises (“the Guidelines)– the OECD’s flagship instrument on responsible business conduct – will celebrate its 40th anniversary. Periodic updates to the Guidelines have sought to keep them relevant and in step with changing times. The most recent update in 2011 extended the scope of the Guidelines and achieved improvements in the areas of human rights, due diligence, and value chain responsibility. Although governments adhering to the Guidelines have made a legally-binding commitment to set up National Contact Points to further their effectiveness, implementation remains patchy at best.
On the occasion of this milestone anniversary, governments must demonstrate their commitment to making the Guidelines a relevant tool for governing today’s global economy. In this briefing paper OECD Watch provides a “4 x 10” bullet-point plan highlighting four key features that give the Guidelines the potential to help ensure businesses behave responsibly. It also includes ten actions that governments must take to unlock that potential and to advance their legally binding obligations to further the effectiveness of the Guidelines.