Name of Resource | Responsible business conduct for institutional investors. Key considerations for due diligence under the OECD Guidelines for Multinational Enterprises |
Type | Guidance on policy / legislation implementation |
Country / jurisdiction | Global |
Organization | Organisation for Economic Co-operation and Development |
Initiative launch date | 29 October 2019 |
Description | The paper helps institutional investors implement the due diligence recommendations of the OECD Guidelines for Multinational Enterprises in order to prevent or address adverse impacts related to human and labour rights, the environment, and corruption in their investment portfolios. The paper identifies key actions for asset managers and asset owners under each step of the due diligence process and includes discussion of key considerations, such as challenges, existing practices, or regulations specific to the investment sector which may impact due diligence approaches. The paper is part of the work the OECD undertakes to clarify expectations of responsible business conduct in the context of enterprises operating in the financial sector. It describes due diligence approaches relevant for institutional investment managers and asset owners. It does not outline specific approaches for entities that facilitate investment. However, it may be a useful reference for these entities as well since the recommendations of the OECD Guidelines are also applicable to them. |
Availability | ENG, UKR: https://mneguidelines.oecd.org/rbc-financial-sector.htm |