Listen to Allan Jorgensen, Head of the OECD Centre for Responsible Business Conduct.
In this episode we discuss the recent update of the OECD Guidelines on multinational enterprises.
The guidelines are the world's principal soft law instrument on responsible business. The OECD describes them as the most comprehensive international standard on responsible business conduct. They are the only one which is multilaterally negotiated, endorsed by governments and having the unique system to hear complaints known as specific instances, The National Contact Points or NSPs.
You will hear more about:
“The risk-based approach is a concept in the updated guidelines that encourages companies to look across their entire supply chain and really try to focus in on where we see the greatest sustainability challenges, where we see the greatest likelihood and severity of potential impacts, whether that be on human rights or climate, for example, in terms of emissions hotspots in the supply chain.”
How can companies ensure meaningful engagement with their stakeholders? Listen to Danny Miles, Head of Collective Action at the Ethical Trading Initiative, and Dr Wilson Odiyo, Corporate Affairs Director for Eastern Produce Regional Services (EPRS)
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What can businesses do to eliminate modern slavery? Listen to Johannes Dumay, Professor in Accounting at Macquarie University
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The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) wants to do for social issues what the TCFD did for climate a decade ago: harness capital markets to drive corporate action, this time on inequality and people-related risk.
