Over recent years, the artisanal and small-scale mining sector has received unprecedented levels of interest from producing governments, to consumer-facing companies sourcing components globally, to international NGOs calling for responsible sourcing of minerals used in batteries and electric vehicles. And with good reason. Artisanal and small-scale miners supply an increasing share of the world’s production of various commodities, such as construction minerals, precious stones, gold and cobalt. The industry employs an estimated 42.6 million people globally. To help maximise the contribution of the ASM sector to local economies, the OECD and the Extractive Industries Transparency initiative work together with actors from producing nations.
Environmental, Social and Governance (ESG) investing has grown considerably and is fast becoming mainstream. Yet market participants across the board are missing the relevant, comparable ESG data they need to properly inform decisions, manage risks, measure outcomes, and align investments with sustainable, long-term value. OECD's Greg Medcraft summarises the findings in the 2020 OECD Business and Finance Outlook.
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.