Investors Propose Changes to OECD Human Rights Standards

The OECD is consulting on changes to guidelines for multinational enterprises, with investors demanding greater protection for defenders and more focus on value chains.  

Investors have welcomed the Organisation for Economic Co-operation and Development’s (OECD) planned update to its Guidelines for Multinational Enterprises, which propose the inclusion of the International Sustainability Standards Board (ISSB) and new requirements on biodiversity and climate action.  

The OECD Guidelines have been an important tool for investors in informing their approaches to human rights and responsible investment. They are voluntary but widely considered a global standard for responsible business conduct and human rights....

Read the full article in ESG Investor here.