Behind every deforestation struggle is a global supply chain. The demand for commodities in one place can lead to the loss of forest in another, particularly when forest area is converted to other land uses such as agricultural production. This column looks at how the OECD Guidelines for Multinational Enterprises and related due diligence guidance can help companies understand how they can help address biodiversity challenges, amongst other environmental risks, in their business operations, supply chains and relationships.
The deployment of Artificial Intelligence (AI) in the financial sector is bringing both benefits and new or amplified risks. While supporting AI-driven innovation in finance, the OECD’s Iota Nassr looks at some of these risks and the different tools policy makers can use to address them.
Emerging markets have increasingly been using macroprudential policy to mitigate risks from high currency exposures in both banks’ and firms’ balance sheets. One widely-used tool is foreign exchange (FX)-differentiated reserve requirements.