The Guidelines build on current social, environmental, and technological issues facing businesses following the last update in 2011.

By Paul A. Davies, Michael D. Green, and James Bee

The Organisation for Economic Co-operation and Development (OECD) released updated Guidelines for Responsible Business Conduct on 8 June 2023 (the OECD Guidelines).

Background to the OECD Guidelines

The OECD Guidelines, introduced in 1976, set out voluntary principles and standards to ensure multinational companies embed due diligence practices, to enhance sustainable development and address adverse social and environmental impacts. Currently, 51 countries adhere to the OECD Guidelines, including the majority of EU Member States.