The updated OECD guidelines: Implications for responsible businesses
SustainAbility School #78
The OECD Guidelines for Multinational Enterprises represent the most comprehensive international standard for Responsible Business Conduct.
The Guidelines are negotiated multilaterally, approved by governments, and are based on a unique implementation mechanism, represented by the National Contact Points (NCPs), which work to enforce the recommendations proposed by the OECD.
Since the introduction of the Guidelines in 1976, they have been continuously updated to remain relevant in light of the challenges societies face and the evolving context of international business. The latest update of the Guidelines occurred this year, reflecting a decade of experience since the last revision in 2011, and addressing urgent social, environmental, and technological priorities that businesses and societies are facing.
The Guidelines are negotiated multilaterally, approved by governments, and are based on a unique implementation mechanism, represented by the National Contact Points (NCPs), which work to enforce the recommendations proposed by the OECD.
Since the introduction of the Guidelines in 1976, they have been continuously updated to remain relevant in light of the challenges societies face and the evolving context of international business. The latest update of the Guidelines occurred this year, reflecting a decade of experience since the last revision in 2011, and addressing urgent social, environmental, and technological priorities that businesses and societies are facing.
By attending this webinar, you will learn about:
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Updated OECD Guidelines for Responsible Business Conduct (RBC): Focus on sustainable development and minimizing negative impacts across value chains, New guidelines on technology use, data governance, and digital security due diligence, Stronger expectations for alignment with climate, biodiversity, and environmental goals;
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Major Regulatory and Policy Changes: Examples of recent regulations in various countries include the EU’s Corporate Sustainability Reporting Directive, the US Uyghur Forced Labor Prevention Act, and EU Deforestation Regulations;
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Expanded Due Diligence Recommendations: Companies are advised to perform thorough due diligence across all operations, covering issues like corruption, lobbying, and supply chain practices, New guidance on ensuring the transparency and effectiveness of National Contact Points (NCPs);
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Role of the National Contact Points (NCPs): NCPs, including the Romanian NCP, promote OECD guidelines and offer guidance to businesses on responsible practices, They serve as a grievance mechanism for issues related to RBC;
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Specific Challenges in Romania: Challenges identified include rapid services sector growth, the gig economy’s rise, and the international expansion of Romanian businesses, Continued efforts toward full OECD membership and alignment of national policies with international RBC standards;
About the guest speakers
Maria Xernou
is a Policy Analyst at the OECD Centre for Responsible Business Conduct since 2021. In this role, she particularly supports National Contact Points through peer reviews and capacity building. Prior to this role, Maria was an anti-corruption analyst for the OECD, providing legal analyses on anti-corruption frameworks and practices within the bribery working group.
Andrei Babadac is an investment promotion professional with extensive experience across various fields. With expertise in public speaking, intergovernmental negotiations, European business, public policy development, and the relationship between government and the business environment, Andrei possesses a comprehensive skill set that aids in facilitating effective communication and negotiations with stakeholders at all levels.
He stands out as an accomplished speaker with a dynamic and engaging style. Committed to promoting economic growth and development, Andrei Babadac is always looking for new opportunities to apply his skills and expertise.
He stands out as an accomplished speaker with a dynamic and engaging style. Committed to promoting economic growth and development, Andrei Babadac is always looking for new opportunities to apply his skills and expertise.
Devino membru
SustainAbility School este un program de educare dedicat exclusiv angajaților din organizațiile membre ale Ambasadei Sustenabilității în România prin programul Coaliția România Sustenabilă.
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Dacă angajatorul tău nu s-a implicat încă, dar vrei să participi la edițiile viitoare și să ai acces la edițiile trecute, cere decidenților din organizația ta să devină membru.