OECD Guidelines for Multinational Enterprises

Upcoming

The OECD Guidelines (5th updated edition 2011) provide recommendations for responsible business conduct in areas such as employment and industrial relations, human rights, environment, information disclosure, combating bribery, consumer interests, science and technology, competition, and taxation. 44 adhering governments – representing both OECD and non-OECD member countries from all regions of the world – encourage their enterprises to observe the Guidelines wherever they operate. Chapter III on Disclosure requires that “timely and accurate information is disclosed on all material matters”. It suggests some themes on which information needs to be disclosed, especially aspects related to corporate governance. It also distinguishes between two areas of (financial and non-financial) disclosure required, namely that conventionally expected in annual financial reporting as well as “disclosure or communication practices in areas where reporting standards are still evolving such as, for example, social, environmental and risk reporting”.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Type of instrument

Legislation

Mandatory or voluntary

The geographical scope

International/regional (eg. EU)

Project Partners