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ministries and central banks. All OECD member states are members of the
Investment Committee. Argentina and Brazil are observers and the 13 non-Members that have subscribed to the Declaration participate in the work of the committee on issues related to the Guidelines. A Working Party on Responsible Business Conduct was established in 2013 as a subsidiary body of the Investment Committee to help implement the Guidelines and strengthen the system of National Contact Points.
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According to the OECD Council decision each adhering country has to set up a
National Contact Point (NCP), an entity responsible for the promotion of the Guidelines on a national level. It handles all enquiries and matters related to the Guidelines in that country, including investigating complaints
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The functioning of the NCPs is reviewed every year and the findings are summarised in an annual report. In order to improve their functioning and coherence across adherent countries, the NCPs established a peer review schedule in 2016 that plans 4-6 reviews annually. These peer reviews provide an
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Among other tasks, NCPs are charged with supporting a grievance mechanism called 'specific instances' — under this procedure, alleged non-observance of one or more of the
Guidelines' recommendations is brought to the attention of an NCP, which then is responsible for helping the parties to find a
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The
Guidelines are legally non-binding, but the OECD Investment Committee and its Working Party on Responsible Business Conduct encourage implementation among adherents. The most concrete manifestation of government commitment to the principles set forth in the Guidelines are the National Contact
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Since the mediation procedure for NCPs was established in 2000, 450 specific instances have been handled covering such areas as employment and industrial relations (about half of the specific instances), environment, human rights and disclosure of information (the database on specific instances
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In addition, the OECD has developed more detailed guidance in a number of sectors to help enterprises implement the
Guidelines and proactively identify risks of adverse impacts. These sectors include extractives, mineral supply chains, agricultural supply chains, garment supply chains, and the
38:
operating in or from the 51 adhering countries. The
Guidelines provide non-binding principles and standards for responsible business conduct in a global context that are consistent with applicable laws and internationally recognised standards. The Guidelines are an annex of the Declaration on
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The OECD Investment
Committee is the primary body responsible for overseeing the functioning of the Guidelines and implementation of all OECD investment instruments. The Committee consists of member states' senior officials from treasuries, economics, trade and industry, and foreign affairs
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Originally, the
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Points (NCPs), which are offices charged with promoting observance of the
Guidelines by multinational enterprises. Each of the 51 adhering countries are required to set up an NCP.
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The OECD Declaration on
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financial sector. The work of the National Contact Points in support of this development is called the "proactive agenda."
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are recommendations on responsible business conduct addressed by governments to
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Text of the OECD Guidelines for Multinational Enterprises
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International Investment and Multinational Enterprises.
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in-depth focus on the functioning of individual NCPs.
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Business and Industry Advisory Committee to the OECD
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Uncut diamond from the Democratic Republic of Congo
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1154:TUAC OECD Guidelines Website
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616:New Zealand
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90:environment
1271:Corruption
1260:Categories
1233:Guidelines
1149:OECD Watch
1121:2017-09-30
1097:2021-02-11
1073:2021-02-11
1049:2017-09-30
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878:References
564:Luxembourg
525:Kazakhstan
304:Costa Rica
97:combating
79:employment
551:Lithuania
200:Australia
187:Argentina
106:interests
844:See also
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694:Slovakia
668:Portugal
291:Colombia
252:Bulgaria
118:taxation
104:consumer
1202:History
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