Foreign direct investment during the pandemic: A buffer for jobs?

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.

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?