OECD Updates Human Rights Guidance  

The Organisation for Economic Co-operation and Development (OECD) has released its updated guidelines for responsible business conduct. Updates include companies ensuring emission reduction targets are science-based, and in line with the Paris Agreement and Intergovernmental Panel on Climate Change assessments. There are also new requirements on enterprises to pay special attention to adverse impacts on human rights defenders and indigenous people, and further guidance on free, prior and informed consent. Other updates are emphasising that enterprises should respect the rights of all workers to freedom of association and collective bargaining, take steps to prevent human trafficking and forced labour, and anticipate re-skilling to respond to changes linked to automation, digitalisation, just transition and sustainable development. In related news, the UN-supported Principles for Responsible Investment (PRI) has released a guide for investors on human rights due diligence in private markets based on UN and OECD guidelines.  

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top