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Call for responsible business conduct

Thursday, June 19 17:16:32

Responsible business conduct is crucial for open and stable international investment climates, business leaders have been told ahead of next week's Global Forum on Responsible Business Conduct.

The two-day conference will be opened by OECD Secretary-General Angel Gurria on June 26. The Dutch minister for foreign trade and development co-operation Lilianne Ploumen and French minister for finance and public accounts Michel Sapin will also attend.

More than 500 ministers, government officials and representatives from business, trade unions and civil society will participate in the event, which is open to the media.

As the global economy strengthens, it is essential to improve the business climate by encouraging companies to adopt more responsible business practices that take into account both their profits and the impact they are having on society, the OECD said in a statement.

"It is also in the best interests of stakeholders and governments to stimulate these efforts and improve their efficiency."

Participants will assess progress since 2013 of the OECD guidelines for multinational enterprises, and the latest challenges facing companies, especially after the Rana Plaza disaster in Bangladesh in 2013.

Over the two days, other session will cover a number of subjects including reinforcing the ecosystem of responsibility; responsible supply chains in the textiles and garment sector; responsible business conduct in Myanmar, Central Asia and South Caucasus; stakeholder engagement and due diligence in the extractive sector; and responsible business conduct in the financial sector and agricultural supply chains.

The full agenda for the event is available at