Are you familiar with the OECD Guidelines?

There are various different guidelines, standards, and frameworks when it comes to sustainability and responsible business conduct.  

Some are more recognized than others, like the OECD guidelines. 

The OECD guidelines refer to the guidelines established by the Organization for Economic Cooperation and Development. 

They provide recommendations for responsible business conduct, covering areas like human rights, labor, environment, and more. 

By establishing these guidelines, the OECD aims to encourage sustainable and ethical business practices globally.

What is the OECD?

The Organization for Economic Co-operation and Development (OECD) is an international organization that promotes economic growth, trade, and brings together its member states to collaborate on global issues. 

You might describe it as a big group of countries working together to make the world a better place.

Working towards that goal, the OECD has created these guidelines to promote responsible business conduct among its member countries.

Due Diligence

Within the OECD Guidelines, due diligence plays a crucial role in promoting responsible business conduct.

By implementing due diligence processes, companies can assess and identify risks, make informed decisions, and contribute to sustainable and ethical business practices.

For small businesses, implementing due diligence in line with the OECD Guidelines is equally important.

While smaller businesses may have limited resources, they can still benefit from incorporating responsible business practices.

So by conducting due diligence, you can identify potential risks, improve your operations in your supply chain, and build trust with your stakeholders. 

It's all about being proactive, transparent, and accountable!

Why is this relevant to you? 

Well, the guidelines are exactly that - guidelines. 

They are voluntary measures that go beyond what you legally are obliged to do right now.

Bear in mind that governments of the member countries look to these guidelines when legislating. 

So they might have a thing or two to say in the matter of what you are obliged to do. 

However, it is always a good idea to do what you can to take responsibility and minimize your negative impact on the planet, people, and society. 

And these guidelines are an excellent toolset to help you with that.

Do you want to conduct due diligence in your company but are not quite sure where to begin? 

We know it can be an overwhelming task, but we can help you get started.  

If you want to know more, please feel free to contact us for more information.