Updated OECD guidelines on responsible business conduct

8 June, 2023

The OECD today launched the updated Guidelines for Multinational Enterprises on Responsible Business Conduct.

The updated Guidelines are available here. Key changes include:  

• Recommendations for enterprises to align with internationally agreed goals on climate change and biodiversity. 
• Introduction of due diligence expectations on technology, including gathering and using data. 
• Recommendations on how enterprises are expected to conduct due diligence on impacts and business relationships related to the use of their products and services. 
• Better protection for at-risk persons and groups, including those who raise concerns regarding the conduct of businesses.  
• Updated recommendations on disclosure of responsible business conduct information. 
• Strengthened procedures to ensure the visibility, effectiveness, and functional equivalence of National Contact Points on Responsible Business Conduct.