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Article

1 Jun 2010

Author:
OECD Watch

Assessing the contribution of the OECD Guidelines for Multinational Enterprises to responsible business conduct

OECD Watch has monitored the implementation and effectiveness of the OECD Guidelines over the past ten years and made an analysis of cases filed by NGOs against corporations alleging violations of the OECD Guidelines. The report “10 Years On” assesses the effectiveness of the OECD Guidelines for Multinational Enterprises. These voluntary guidelines aim to promote sustainable development and responsible global conduct of companies based in OECD and adhering countries. OECD Watch found that lack of political will, lack of sanctioning powers and lack of coherent implementation have significantly diminished the potential value of the instrument.