International Anti-Corruption Commitments

Title of the document

Recommendation of the Council on the OECD Due Diligence Guidance for Responsible Business Conduct

(https://legalinstruments.oecd....)

Issuing body

OECD

Brief description

The OECD Due Diligence Guidance for Responsible Business Conduct provides measures aimed at assisting businesses to avoid and address adverse impacts related to workers, human rights, the environment, bribery, consumers and corporate governance that may be associated with their operations, supply chains and other business relationships.

Relevant excerpts

On the proposal of the Investment Committee:

I.RECOMMENDS that Members and non-Members adhering to this Recommendation (hereafter the “Adherents”) and, where relevant, their National Contact Points to the Guidelines (hereafter the “NCPs”), actively promote the use of the Guidance by enterprises operating in or from their territories with the aim of ensuring that they observe internationally agreed standards of responsible business in order to prevent the adverse impacts of their activities and contribute to sustainable development;

II.RECOMMENDS, in particular, that Adherents take measures to actively support and monitor the adoption of the due diligence framework set out in the Guidance according to which the enterprises operating in or from their territories should:

1.embed responsible business conduct into their policies and management systems;

2.identify and assess actual and potential adverse impacts associated with their operations, products or services;

3.cease, prevent and mitigate adverse impacts;

4.track implementation and results;

5.communicate how impacts are addressed; and

6.provide for or cooperate in remediation when appropriate;