The debate around corporate purpose intensified this year when the US Business Roundtable published a new ‘statement of purpose’ which relegated shareholders to just one of several key stakeholders. This post by Andrew Cave of Baillie Gifford examines what we mean by corporate purpose and why trust is a critical component.
Category: Responsible business conduct
How can business meet its responsibility to address climate change?
Only one hundred companies produce over 70% of greenhouse gas emissions so they should also be responsible for taking action to address the impacts of climate change. On the occasion of the 2019 Responsible Business and Human Rights Forum, OECD's Cristina Tébar Less, looks at the actions business is expected to take. It is widely … Continue reading How can business meet its responsibility to address climate change?
Maximising the benefits of foreign direct investment
While the potential benefits of foreign direct investment are widely accepted by policy makers, many governments impose restrictions on the activities of foreign investors. The OECD’s Stephen Thomsen asks whether these restrictions can have an impact on FDI inflows into an economy.
Taking up the due diligence challenge in garment and footwear supply chains
Responsible supply chain management in the garment and footwear sector is a tough challenge for global companies. OECD's Juliet Lawal looks at how OECD guidance and implementation processes can help.
Human rights is an integral part of responsible business conduct
Seventy years after the adoption of the Universal Declaration of Human Rights, companies now have a responsibility to respect human rights. Christine Kaufmann and Roel Nieuwenkamp look at how companies should integrate this obligation into their company operations.
How to make infrastructure investment work for all
With citizens, communities and politicians increasingly questioning the benefits of globalisation and the multilateral trading system, the OECD's Greg Medcraft looks at what we can do to ensure foreign infrastructure investment is high quality, sustainable and works for all, with particular reference to China’s Belt and Road Initiative.
The blockchain revolution, Part I
The OECD's Greg Medcraft discusses blockchain, starting with the basics of this revolutionary technology.
How can responsible business authorities stay ahead of the curve?
In the fifth post of his Legacy Blog Series, Roel Nieuwenkamp looks at how the government authorities responsible for implementing the OECD Guidelines for Multinational Enterprises can be strengthened.
Staying ahead of the curve on corporate responsibility: Indigenous peoples’ rights, taxation and disclosure
In the fourth post of his Legacy Blog Series, Roel Nieuwenkamp encourages the responsible business conduct community to start planning for the next update of the OECD Guidelines for Multinational Enterprises.
Staying ahead of the curve on corporate responsibility: Climate change, digitalisation and animal welfare
In the third post of his Legacy Blog Series, Roel Nieuwenkamp encourages the responsible business conduct community to start planning for the next update of the OECD Guidelines for Multinational Enterprises.