The Business & Human Rights Resource Center reports that the Organization for Economic Co-operation and Development (OECD) has updated its corporate due diligence guidelines. Along with the UN Guiding Principles on Business and Human Rights and the ILO Tripartite Declaration of Principles, these guidelines are the international reference for the implementation of companies’ due diligence obligations.
The update involves, among other things, companies having to specify that CO2 reduction targets are scientifically based, that not only the supply chains for the production of a product must be examined, but also the potential use of a product, as well as a tightening of the requirements for combating corruption.