This paper helps institutional investors implement the due diligence recommendations of the OECD Guidelines for Multinational Enterprises in order to prevent or address adverse impacts related to human and labour rights, the environment, and corruption in their investment portfolios. The paper identifies key actions for asset managers and asset owners under each step of the due diligence process and includes discussion of key considerations, such as challenges, existing practices, or regulations specific to the investment sector which may impact due diligence approaches.
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...
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...
Human trafficking is the movement of a person from one place to another for the purposes of exploitation. The UN defined human trafficking in the ‘Palermo Protocol’ as the ‘recruitment, transportation, transfer, harbouring or receipt of person...Read More
The UN's children agency UNICEF recently warned the world that the COVID-19 pandemic is becoming a child rights crisis. India has the largest child population in the world with 472 million children, many of whom are going through the pandemic withou...Read More
The Fintel Alliance has developed this financial crime guide to help financial services businesses understand and identify the signs of forced sexual servitude in Australia. The indicators and behaviours in this financial crime guide can be used by ...Read More
At the 2018 Commonwealth Heads of Government Meeting (CHOGM), states committed to achieve the United Nations Sustainable Development Goal (SDG) Target 8.7, by taking “effective measures to eradicate forced labour, end modern slavery and human traf...Read More
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