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
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