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ARTICLE · 14 JUNE 2023

A New Era For Human Rights And Environmental Due Diligence: The OECD Launches Updated Guidelines For Multinational Enterprises

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On 8 June 2023, during their Ministerial Council Meeting in Paris, the Organisation for Economic Co-operation and Development ("OECD") launched an updated version of its Guidelines...

GlobalEnvironment
Sam Eastwood
Sam Eastwood
Findley Penn-Hughes
Findley Penn-Hughes
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On 8 June 2023, during their Ministerial Council Meeting in Paris, the Organisation for Economic Co-operation and Development ("OECD") launched an updated version of its Guidelines for Multinational Enterprises (the "Guidelines"). This is the first update to the Guidelines since 2011 and the changes represent substantial and far reaching new expectations for multinationals, particularly in relation to areas of their operations or business which may have human rights or environmental implications. This update sets out a brief overview of the OECD Guidelines and some of the key updates since the 2011 Guidelines.

What are the Guidelines and what are the implications for companies?

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