Responsible business conduct is an essential part of an open international investment climate. MNE activities often span multiple countries and many cultural, legal, and regulatory environments. This complexity, coupled with the intensely competitive nature of international business, presents MNEs and their stakeholders with unique and specific challenges. Although many MNEs demonstrate a respect for high standards of business conduct, some may neglect the appropriate principles and standards of conduct in an attempt to gain undue competitive advantage. This may be particularly true in environments where regulatory, legal, and institutional frameworks are underdeveloped or fragile. More and more enterprises are responding by committing to responsible business practices, promoting dialogue, and engaging with stakeholders. Addressing societal concerns while advancing enterprise interests can be mutually supportive.
The Guidelines are a set of recommendations on responsible business conduct addressed by governments to MNEs operating in or from adhering countries.
The OECD Guidelines for Multinational Enterprises are recommendations addressed by governments to multinational enterprises operating in or from adhering countries. They provide non-binding principles and standards for responsible business conduct in a global context consistent with applicable laws and internationally...
Nepal has a longstanding history of outward migration, predominantly resulting from a lack of economic opportunities at home. Migration for foreign employment, therefore, has become a lucrative industry, with families becoming heavily dependent on f...Read More
Child labour is a complex and growing problem across global supply chains. Successful remediation is not easy to achieve and requires a holistic, multi-stakeholder approach. In every case, the interests of the child need to come first. This docum...Read More
This brief provides a reference for worker reporting and worker empowerment tools and programs from the context of ‘worker voice,’ a concept that emerged with the birth of the organized labour movement during the Industrial Revolution. Two funda...Read More
The Modern Slavery Act 2018 (Cth) (MSA) was widely hailed as a critical first step by Australia towards tackling the global problem of modern slavery, with the government proclaiming that it would transform the way businesses respond ...Read More
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