Promoting and enabling responsible business conduct as a strategic choice
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This presentation by Germán Zarama (OECD Responsible Business Conduct Centre) was delivered during the launch of the OECD Investment Policy Review of Uruguay on 12 July 2021. Find out more at: https://www.oecd.org/investment/oecd-investment-policy-reviews-uruguay-1135f88e-en.htm
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Promoting and enabling responsible business conduct as a strategic choice
- 1. PROMOTING AND ENABLING RESPONSIBLE BUSINESS CONDUCT AS A STRATEGIC CHOICE Launch of the Investment Policy Review of Uruguay Virtual meeting, 12 July 2021 Germán Zarama OECD Centre for Responsible Business Conduct
- 2. RBC Landscape Launch of UN Guiding Principles on Business and Human Rights POLICY AND REGULATION ACTION OECD Guidelines for Multinational Enterprises (update) 2011 2012 2013 2014 2015 2016 2017 2018 2019 Netherlands Child Labour Due Diligence Law National Action Plans (25 - 24 adherents to the OECD Guidelines) Legislation National Contact Points specific instances closed OECD Instruments integrated in the Council recommendations Luxemburg Georgia Spain Belgium France Ireland Czech Republic Poland Chile indonesia United States Switzerland Germany Italy Colombia Lithuania Norway Sweden Finland Denmark Netherlands UK California Transparency in Supply Chains Act US Dodd Frank Act on conflict minerals EU Directive on Non- Financial Reporting Singapore Prevention of Human Trafficking Act UK Modern Slavery Act Hong Kong Draft Modern Slavery Bill EU Conflict Minerals Regulation Germany CSR Directive Implementation Act France Corporate Duty of Vigilance Law UN Business & Human Rights Treaty (draft zero) Australian Modern Slavery Bill UNICEF Children’s Rights and Business Principles IFC Sustainability Framework (update) Global Compact Stakeholder Engagement in Human Rights Due Diligence UNGP Reporting Framework Guidance Danish Institute Human Rights Impact Assessment Guidance & Toolbox IBA Practical Guide on Business and Human Rights for Business Lawyers UNICEF Child Rights and Mining Toolkit European Commission Guidelines on Non- Financial Reporting OECD General Due Diligence Guidance for Responsible Business Conduct UNICEF Child Safeguarding Toolkit for Business -- OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas OECD FAO Guidance for Responsible Agricultural Supply Chains OECD Due Diligence Guidance for Responsible Supply Chains in the Garment and Footwear Sector OECD Due Diligence Guidance for Meaningful Stakeholder Engagement in the Extractive Sector OECD Responsible business conduct for institutional investors Guidelines / Tools -- -- -- 49 38 34 34 -- OECD Practical actions for companies to identify and address the worst forms of child labour in mineral supply chains Thailand ILO Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy (5th edition) Principles OECD Complementary practical guides and papers 2020 2021 -- -- Japan OECD Due Diligence for Responsible Corporate Lending and Securities Underwriting European Parliament approves landmark legislation on due diligence for financial institutions OECD Introductory paper on SMEs and Responsible Business Conduct in the Garment and Footwear Sector OECD Integrating Responsible Business Conduct in Public Procurement OECD Policy Note on Covid-19 and RBC UN Standards of conduct for business to Tackle Discrimination against Lesbian, Gay, Bi, Trans, & Intersex People EU Parliament resolution with recommendations to the Commission on corporate due diligence and corporate accountability Germany national mandatory due diligence law Pakistan (draft) Peru Norway national mandatory due diligence law
- 3. The OECD Guidelines for Multinational Enterprises The most comprehensive set of government-backed recommendations on responsible business conduct covering all major areas of business ethics URUGUAY
- 4. NCPs - A Global Grievance Mechanism for Corporate Responsibility 500
- 5. KEY FINDINGS FROM THE RBC CHAPTER OF THE IPR OF URUGUAY
- 6. 1. Uruguay has a solid legal framework and strong institutions underpinning RBC The importance of the NCP to promote and strengthen CER in Uruguay, including from the coherence of public policies A number of national strategies and policies have been launched to promote sustainability and cooperation with the business sector 2. Growing interest in RBC in Uruguay among businesses and other stakeholders Business and multi-stakeholder initiatives 3. Specific improvements in the areas covered by the OECD Guidelines for MNEs Mainly in human rights, employment and industrial relations, environment and combating corruption 4. The role of the State to promote and implement RBC as an economic actor Promoting and enabling RBC: Key findings from the IPR of Uruguay
- 7. KEY RECOMMENDATIONS FROM THE RBC CHAPTER OF THE IPR OF URUGUAY
- 8. Promoting and enabling RBC: Key findings from the IPR of Uruguay 1. Establish an effectively functioning NCP to further the effectiveness of the OECD Guidelines for MNEs Decree No. 65/021 2. Undertake a capacity building exercise for the NCP LAC-NCPs Network 3. Promote the use of the OECD due diligence guidances 4. Promote further policy coherence and improve coordination on RBC-related policies