In our latest briefing, we explore the OECD Guidelines for Multinational Enterprises and the National Contact Points (NCPs) for complaints under those Guidelines.
The Guidelines are non-legally binding principles and recommendations that set the standard for responsible business conduct for multinational enterprises, specifically covering areas such as human rights, labour rights, the environment and bribery. They apply to all multinational enterprises which are either headquartered or operate in an OECD member state or an adherent state (together covering a total of 50 jurisdictions). The NCPs offer a forum for stakeholders to raise complaints against multinationals they believe to have failed to meet the standards of responsible business conduct set out in the Guidelines.
We explain how the regime works and why multinational enterprises should be aware of them. This is against a backdrop of complaints against multinationals under the Guidelines becoming increasingly prominent in recent years.
Click here to read our briefing in full.