On June 8-9, members of the Business and Industry Advisory Committee (BIAC) to the OECD will participate in the OECD Global Forum on Responsible Business Conduct, which brings together representatives from governments, businesses, trade unions and civil society to discuss how to achieve actual impacts through responsible business conduct, to explore emerging supply chain issues, and to promote active contribution of the private sector to the achievement of the Sustainable Development Goals.
Debates will focus on addressing severe human rights impacts in global supply chains, taxation and responsible business conduct, the activities of National Contact Points since their establishment 15 years ago, the benefits of engaging in multi-stakeholder initiatives and the fiduciary duty in institutional investments, as well as responsibility in mega-sporting events and in the pharmaceutical industry.
Back-to-back with the OECD Global Forum, a series of consultations on responsible business conduct will be organized for which BIAC coordinates business input. The first consultation will take place on June 7 on the occasion of the first OECD Policymakers Roundtable on Responsible Business Conduct, to discuss policy coherence for effective implementation of responsible business conduct standards as well as the link between responsible business conduct and investment and development policy. On June 9, a separate consultation on a revised draft of the general OECD due diligence guidance will be organized during the Global Forum. A third consultation will take place on June 10 to contribute to discussions of the National Contact Points for the OECD Guidelines for Multinational Enterprises, to ensure balanced implementation of the MNE Guidelines and a common understanding of the NCP process.