OECD guidelines for multinational enterprises and gri, Presented by Marie France Houde
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Transcript of OECD guidelines for multinational enterprises and gri, Presented by Marie France Houde
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