OECD Guidelines for Multinational Enterprises and the GRI

1. The OECD Guidelines 2. Why the OECD Guidelines need the GRI ?3. Strengthening the partnership: What will OECD do?

• Adopted in 1976, revised in 2000• Based on universally shared

values, principles and norms• Applicable worldwide• 42 adhering countries (31 OECD

countries, 11 non-OECD countries: Argentina, Brazil, Egypt, Estonia, Israel, Latvia, Lithuania, Morocco, Peru, Slovenia and Romania) – and other countries have applied

• A unique implementation mechanism

What are the OECD MNE Guidelines?

They are voluntary recommendations to

MNEs in all major areas of business ethics

They are the most comprehensive

government-backed code of conduct for

enterprises with multi-stakeholder involvement

Why do the OECD Guidelinesneed the GRI?

• The Guidelines encourage MNEs to apply high quality standards for disclosure of financial and non-financial information.

• A standardized template is needed to ensure consistency and comparability of sustainability reporting under the Guidelines and other instruments.

• GRI is the leading framework for sustainability reporting.

• GRI is a major source of knowledge on corporate responsibility issues and draws upon a large multi-stakeholder network.

Strengthening the partnership:What will the OECD do?

• Promote a greater use of the GRI Framework• Engage the GRI as a “partner” of the Update of the OECD

Guidelines • Reinforce OECD-GRI institutional ties

www.oecd.org/daf/investment/guidelines

www.oecd.org/daf/investment/pfi

For more information

Thank you !

Marie-France HoudeSenior Economist