The recent migrant crisis paired with shocking exposés of labour issues in global supply chains has heightened public attention to modern slavery, forced labour and human trafficking.
“Ongoing steps by the Chinese Government to clarify its expectations of Chinese companies operating abroad, coupled with growing international expectations of businesses, are likely to lead to the GPs eventually becoming part of standard operating procedure for Chinese companies doing business anywhere in the world.”
News release: OECD Guidelines for Multinational Enterprises
21/03/2014 – The European Commission has proposed an integrated EU approach to stop profits from trading minerals being used to fund armed conflicts. The package of measures aims to make it more difficult for armed groups in conflict-affected and high-risk areas to finance their activities through the mining of and trade in minerals. The focus of the approach is to make it easier for companies to source tin, tantalum, tungsten and gold responsibly and to encourage legitimate trading channels [….]
Professor Roel Nieuwenkamp, Chair of the OECD Working Party on Responsible Business Conduct, welcomed the new EU initiative, and noted that he looks forward to the on-going legislative process on the draft regulation, bearing in mind the different views of stakeholders. “The European Commission’s use of the OECD Due Diligence Guidance as the standard for responsible mineral sourcing is vital to maintain clarity for business and contribute to a level playing field” he said. “The accompanying measures in the Commission’s communiqué also offer a good basis to promote responsible sourcing of minerals, avoid unintended consequences, and encourage private sector investment and trade in all areas of conflict and high-risk.”
Remarks by Angel Gurría, OECD Secretary General, on the OECD proactive agenda, presented at the meeting “Boosting social and environmental standards in international trade” in Paris, March 31st.
Press Release, Bangladesh Accord Foundation
10 March 2014, Amsterdam / London – The Bangladesh Accord Foundation has today announced the completion of the first reports detailing the results of factory inspections in Bangladesh. Available online on the Accord website as of Tuesday (March 11) 09:00 CET, the reports set out details of current building safety standards in the first Bangladesh garment factories to be inspected and identify necessary steps required to improve the level of safety.
Press release European Commission Feb. 26, 2014
“The European Parliament and the Council have reached agreement on an amendment to existing accounting legislation to improve the transparency of certain large companies on social, environmental and diversity matters. Companies concerned will need to disclose information on policies, risks and results as regards environmental matters, social and employee-related aspects, respect for human rights, anti-corruption and bribery issues, and diversity on boards of directors.” The OECD guidelines on multinational enterprises are recognized within the legislation as a model upon which declarants may base their disclosures.