The OECD Guidelines for Multinational Enterprises are recommendations to international business for conduct in such areas as labour, environment, consumer protection and the fight against corruption. The recommendations are made by the adhering governments and, although not binding, governments are committed to promoting their observance. This Annual Report provides an account of the actions the 39 adhering governments have taken over the 12 months to June 2007 to enhance the contribution of the Guidelines to the improved functioning of the global economy. This edition of the annual report focuses on corporate responsibility in the financial sector.
Table of contents:
PART I. MEETING OF NATIONAL CONTACT POINTS - AN OVERVIEW OF GUIDELINES IMPLEMENTATION -Summary Report of the Chair of the Meeting on the Activities of NCPs --I. Overview --II. Reinforcement of the Institutional Arrangements --III. More Intensive and Effective Information and Promotion Activities --IV. Active use of the "Specific Instance" Facility --V. Making Use of the OED Risk Awareness Tool for Multinational Enterprises in Weak Governance Zones --VI. Considerations for Future Action -Annex I.A1. Structure of the National Contact Points -Annex I.A2. Specific Instances Considered by National Contact Points to Date -Annex I.A3. Statements Released by NCPs, June 2006-June 2007 -Annex I.A4. Consultations - Contributions by Business, Trade Unions and Non-Governmental Organisations PART II. OECD ROUNDTABLE ON CORPORATE RESPONSIBILITY - THE OECD GUIDELINES FOR MULTINATIONAL ENTERPRISES AND THE FINANCIAL SECTOR -Acknowledgements -Summary of the Roundtable Discussion --1. Taking Stock of Corporate Responsibility Practices in the Financial Sector --2. Financial Sector Instruments for Responsible Business Conduct --3. The Supporting Role of the OECD Guidelines --4. Exploring Synergies between the OECD Guidelines and Financial Sector Instruments -Annex II.A1. Agenda for the 2007 OECD Roundtable on Corporate Responsibility -Annex II.A2. Sustainable Development, Business Ethics and the Financial Sector -Annex II.A3. Corporate Responsibility Practices of Financial Institutions in OECD and Important Non-OECD Countries -Annex II.A4. The UN Principles for Responsible Investment and the OECD Guidelines for Multinational Enterprises: Complementarities and Distinctive Contributions -Annex II.A5. the OECD Guidelines for Multinational Enterprises and the Equator Principles - Similarities, Differences, and Synergies -Annex II.A6. The OECD Guidelines for Multinational Enterprises and the Financial Sector: The Supporting Role of the OECD Guidelines -Annex II.A7. The OECD Guidelines for Multinational Enterprises and the Financial Sector: BIAC Submission Appendix A. Background - The Role of the National Contact Points in the Implementation of the OECD Guidelines for Multinational Enterprises Appendix B. Declaration on International Investment and Multinational Enterprises Appendix C. The OECD Guidelines for Multinational Enterprises: Text and Implementation Procedures Appendix D. Contact Details for National Contact Points