OECD concluded public consultations on targeted update of Guidelines for Multinational Enterprises

The OECD Guidelines for Multinational Enterprises are one of the main reference instruments that set out recommendations to businesses for ensuring responsible business conduct in a wide area of business activities. The OECD Guidelines were last revised in 2011, and the OECD Working Party on Responsible Business Conduct (WPRBC) is currently working on a targeted update of the Guidelines. To this end, the WPRBC conducted online public consultations on a Consultation Draft that outlines potential updates to the guidelines’ chapters and to their implementation procedures. The consultations closed on February 10, 2023, and were open to all interested stakeholders from all countries, including businesses, industry groups, civil society organizations, trade unions, as well as academia, interested citizens, international organizations, and governmental experts (including from non-adherent countries). A consultation summary report as well as responses from more than 200 entities may be accessed through the OECD website.