The Covid-19 pandemic has caused a global humanitarian, social and economic crisis. Poverty will rise for the first time since 1998, with hundreds of millions of jobs lost and livelihoods affected. Many of the jobs affected by the pandemic depend on investments and operations of multinational enterprises (MNEs) and their buyers and suppliers in global value chains. But foreign direct investment (FDI) is estimated to fall by at least 30% in 2020 – meaning that fewer jobs than expected have been and will be created.
OECD’s France Chain and Daisy Pelham look at the critical role corporate compliance plays in the fight against bribery and corruption in the run-up to the launch of a new OECD Study on Corporate Anti-Corruption Compliance Drivers, Mechanisms, and Ideas for Change.
In this post Shivani Kannabhiran and Rena Hinoshita from the OECD Centre for Responsible Business Conduct look at the EU’s new Farm to Fork strategy and at how the OECD-FAO Guidance for Responsible Agricultural Supply Chains can help companies build resilient and sustainable supply chains.
On the occasion of the 20th anniversary of the OECD National Contact Points for Responsible Business Contact (RBC) , Prof. Christine Kaufmann, Chair of the OECD Working Party on RBC, reflects on their achievements to date and their role into the future.
OECD's Rashad Abelson clarifies due diligence expectations in responsible mineral supply chains and explains why understanding “red flags” is crucial for effective supply chain due diligence
With the COVID-19 pandemic provoking a global health and economic emergency, the OECD’s Dorothy Lovell looks at how OECD guidance on responsible business conduct can help governments and business address the impacts of COVID-19 in a way that mitigates harm to workers and supply chains in the garment sector.
OECD's Hannah Koep-Andrieu reports back from the DR Congo’s Copperbelt on due diligence efforts to improve conditions in cobalt and copper supply chains
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.
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?
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.