Advice for multinationals

This page in:

The OECD has come out with a Risk Awareness Tool to help multinationals operating in zones with "weak governance". The guidance was requested by participants at the 2005 Gleneagles G8 summit.

The Risk Awareness Tool is non-prescriptive but sets out a range of questions for companies to consider in such areas as: 1) obeying the law and observing international instruments; 2) heightened care in managing investments, 3) knowing business partners and clients; 4) dealing with public sector officials; and 5) speaking out about wrongdoing.

A number of resources exist for multinationals hoping to answer these questions, such as International Alert's Conflict-Sensitive Business Practice: Guidance for Extractive Industries (also in Spanish) and guidelines from the Global Reporting Initiative.

The Danish Institute for Human Rights has a more comprehensive tool, the Human Rights Compliance Assessment, that allows companies to self-assess risks specific to human rights violations. A quick assessment is free, but the full one is expensive at 4,000 euro. Or check out the (free) executive summaries of various country risk assessments, including China, Brazil and India.

Join the Conversation

The content of this field is kept private and will not be shown publicly
Remaining characters: 1000