The Netherlands: OECD National Contact Point initiates assessment of McDonald’s investor APG Asset Management’s due diligence, following allegations of gender-based violence & harassment in co. operations
"Initial Assessment of the notification of 4 Trade Unions vs APG Asset Management", 20 May 2021
On 18 May, 2020 the Dutch National Contact Point for the OECD Guidelines for Multinational Enterprises (NCP) received a notification of a specific instance from the International Union of Food, Agricultural, Hotel, Restaurant, Catering, Tobacco and Allied Workers' Associations (IUF), the European Federation of Food, Agriculture and Tourism Trade Unions (EFFAT-IUF), the Service Employees International Union (SEIU) and the União Geral dos Trabalhadores (UGT) with regard to an alleged violation of the OECD Guidelines for Multinational Enterprises (hereinafter the Guidelines) by McDonald’s, APG Asset Management (hereinafter APG) and Norges Bank. The Dutch NCP was asked by complainants to handle the complaint and coordinate with the NCP of Norway.
The issues raised are gender-based violence and harassment (GBVH) in the global operations of McDonald’s Corporation and related due diligence by two institutional investors: APG Asset Management (APG) and Norges Bank (NBIM). The issues raised involve conduct at McDonald’s operations in, but not limited to:
- United Kingdom
- United States
The issues raised in this submission and the supplemental submission of 28 January 2021 relate to the OECD Guidelines’ Chapter II (General Policies), Chapter IV (Human Rights) and Chapter V (Employment and Industrial Relations)...
... The Dutch NCP concludes that the notification concerning APG merits further consideration...
The full initial assessment can be downloaded here.