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ARTICLE · 18 AUGUST 2023

Revamp Of The OECD Guidelines: What's Changed?

Travers Smith LLP
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On 8 June 2023, the Organisation for Economic Co-operation and Development ("OECD") published an updated version of its Guidelines for Multinational Enterprises (the "Guidelines").

United KingdomEnvironment
Doug Bryden
Doug Bryden
Sarah-Jane Denton
Sarah-Jane Denton
Alexandra MacBean
Alexandra MacBean
Fergus Crutchley
Fergus Crutchley
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On 8 June 2023, the Organisation for Economic Co-operation and Development ("OECD") published an updated version of its Guidelines for Multinational Enterprises (the "Guidelines"). The update was developed collaboratively by OECD member countries and supported by numerous institutional stakeholders – including the European Union. This briefing outlines the key revisions to the Guidelines and discusses how, perhaps unsurprisingly in light of the EU's contributions, they align and interact with current and proposed EU sustainable finance and ESG regimes, such as the Sustainable Finance Disclosure Regime ("SFDR"), the EU Taxonomy Regulations ("EU TR"), the Corporate Sustainability Due Diligence and Reporting Directives and voluntary initiatives such as the United Nation's Principles for Responsible Investment ("UNPRIs").

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