From creating quality jobs to respecting human rights, responsible business conduct (RBC) is about making sure that the activities of businesses and investors are aligned with the needs of society, today and in the future. RBC is essential to building resilient societies, supply chains and economies. How is RBC being taken up in company practices and government policies? The #OECD Responsible Business Outlook shows that less than 2 in 10 companies have formal processes in place to assess human rights complaints and less than 1 in 10 companies engage with stakeholders on human rights issues. What can governments do to increase the uptake of responsible business practices? Read the report to find out ➡️ https://brnw.ch/21x594J #OECDResponsibleBusinessConduct | OECD Business and Finance
Whenever an organization tells me we uphold any "Ethics related field", I ask one question and that is enough assessment: is the role in charge of it in the core budget or financed by a cyclic budgetary line depending on available funds ? all the rest is pure literature.
Responsible business conduct cannot be credible without an effective remedy. Human rights commitments have limited value if complaints are merely registered, formally answered or redirected without substantive examination. The real test is whether an affected person can obtain an independent, timely and effective review — and, where a violation is established, an effective remedy. Accountability should be measured by outcomes, not by the existence of procedures on paper. The same principle should apply to both private actors and public authorities: rights must be enforceable in practice, not merely recognised in theory.