{"id":5864,"date":"2011-05-25T14:35:13","date_gmt":"2011-05-25T13:35:13","guid":{"rendered":"http:\/\/www.ethicalquote.com\/?p=5864"},"modified":"2011-05-30T14:46:36","modified_gmt":"2011-05-30T13:46:36","slug":"new-oecd-guidelines","status":"publish","type":"post","link":"https:\/\/www.covalence.ch\/index.php\/2011\/05\/25\/new-oecd-guidelines\/","title":{"rendered":"New OECD guidelines to protect human rights and social development"},"content":{"rendered":"<p><a href=\"http:\/\/www.oecd.org\/document\/19\/0,3746,en_21571361_44315115_48029523_1_1_1_1,00.html\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-5868\" title=\"110530_oecd\" src=\"http:\/\/www.ethicalquote.com\/newTemplate\/wp-content\/uploads\/2011\/05\/110530_oecd.jpg\" alt=\"\" width=\"200\" height=\"130\" \/><\/a>Ministers from OECD and developing economies will today agree new  guidelines to promote more responsible business conduct by multinational  enterprises, and a second set of guidance to limit the use of conflict  minerals. Forty-two countries will commit to new, tougher standards of corporate  behaviour in the updated Guidelines for Multinational Enterprises: the  34 OECD countries plus Argentina, Brazil, Egypt,\u00c2\u00a0Latvia, Lithuania,  Morocco, Peru and Romania. The updated Guidelines include new  recommendations on human rights abuse and company responsibility for  their supply chains, making them the first inter-governmental agreement  in this area. The Guidelines establish that firms should respect human rights in every  country in which they operate. Companies should also respect  environmental and labour standards, for example, and have\u00c2\u00a0appropriate  due diligence processes in place to ensure this happens. These include  issues such as paying decent wages, combating bribe solicitation and  extortion, and the promotion of sustainable consumption. The Guidelines are a comprehensive, non-binding code of conduct that  OECD member countries and others have agreed to promote among the  business sector. A new, tougher process for complaints and mediation has  also been put in place. \u201cThe business community shares responsibility for restoring growth and  trust in markets,\u201d said OECD Secretary-General Angel Gurr\u00e0\u00ada. \u201cThese  guidelines will help the private sector grow their businesses  responsibly by promoting human rights and boosting social development  around the world.\u201d Ministers from adhering countries will also agree to a Recommendation  designed to combat the illicit trade in minerals that finance armed  conflict. <a href=\"http:\/\/www.oecd.org\/document\/19\/0,3746,en_21571361_44315115_48029523_1_1_1_1,00.html\" target=\"_blank\">More&#8230;<\/a><\/p>\n<p>News selected by Covalence | Country: Global |\u00c2\u00a0 Source: <a href=\"http:\/\/www.oecd.org\/document\/19\/0,3746,en_21571361_44315115_48029523_1_1_1_1,00.html\" target=\"_blank\">OECD<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ministers from OECD and developing economies will today agree new guidelines to promote more responsible business conduct by multinational enterprises, and a second set of guidance to limit the use of conflict minerals. Forty-two countries will commit to new, tougher standards of corporate behaviour in the updated Guidelines for Multinational Enterprises: the 34 OECD countries&hellip;<\/p>\n","protected":false},"author":665,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"wds_primary_category":0,"wds_primary_post_series":0,"footnotes":""},"categories":[1],"tags":[],"post_series":[],"class_list":["post-5864","post","type-post","status-publish","format-standard","hentry","category-news","entry","no-media"],"_links":{"self":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/5864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/users\/665"}],"replies":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/comments?post=5864"}],"version-history":[{"count":0,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/5864\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/media?parent=5864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/categories?post=5864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/tags?post=5864"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/post_series?post=5864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}