OECD Global Forum on Responsible Business Conduct highlights trend towards firmer regulations for businesses on human rights
The OECD Global Forum on Responsible Business Conduct held on 29-30 June 2017 gathered participants from governments, businesses, trade unions and civil society to discuss responsible supply chains through due diligence; driving responsible institutional investment; the role of National Contact Points in evolving contexts; lessons from the climate agenda; responsible business conduct in state-owned enterprises; mainstreaming RBC in companies; responsible employment of migrant workers; comparing anti-corruption and human rights due diligence approaches; contributing to the Sustainable Development Goals through RBC; developing responsible leadership; responsible disengagement; tools for promoting responsible finance; using technology for RBC; and infrastructure...
Key takeaways [included]:
The hardening of soft law expectations on responsible business conduct sees an increasing trend towards firmer requirements, such as investor requirements or even regulations...
The closing session [...] highlight[ed] the key role of governments in supporting RBC through enabling policy frameworks...