Canada Introduces Enchanced CSR Strategy for Extractives

This week Canada announced their new CSR strategy “Doing Business the Canadian Way: A Strategy to Advance Corporate Social Responsibility in Canada’s Extractive Sector Abroad.”   This strategy reaffirms Canada’s commitment to implementation of strong ethical standards in business and makes explicit reference to OECD instruments.

For example key elements of the strategy include:

”’In situations where parties to a dispute would benefit from formal mediation, the CSR Counsellor will make a referral to Canada’s National Contact Point,  the robust and proven dispute resolution mechanism, guided by the OECD MNE Guidelines on responsible business conduct, and active in 46 countries; (…)

Inclusion of benchmark CSR guidance released since 2009, namely the United Nations’ Guiding Principles on Business and Human Rights, and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (…)”

Full text of the strategy and relevant links are available here. 

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