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OECD-GRI sign partnership to help multinational companies operate responsibly

Dec 30, 2010
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On the 13th of December 2010 the OECD has signed a partnership agreement with the Global Reporting Initiative (GRI) to help companies make greater use of the OECD Guidelines for Multinational Enterprises and the GRI Sustainability Reporting Framework, bringing increased coherence and consistency to their efforts to act more responsibly and be more transparent about their sustainability.

The OECD Guidelines for Multinational Enterprises and the GRI Sustainability Reporting Framework are based on and promote the same internationally agreed standards and principles for responsible business conduct, including social and human rights and economic and environmental matters. The GRI Sustainability Reporting Framework provides guidance on how to measure sustainability performance and the OECD Guidelines for Multinational Enterprises a benchmark to assess such performance.

The Memorandum of Understanding (MoU) between the OECD and GRI aims to establish a three year program to encourage companies to use both the OECD Guidelines for Multinational Enterprises and the GRI Sustainability Reporting Framework. The MoU also outlines the way GRI and OECD can work together to make use of the synergies between the two instruments and strengthen cooperation in other common areas of mutual interest.

Website: http://www.oecd.org/document/23/0,3746,en_2649_34889_46674519_1_1_1_1,00.html

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