LAYER 1 · Responsible business principles
OECD Guidelines for Multinational Enterprises on Responsible Business Conduct
The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct (updated 2023) are government-backed recommendations on risk-based due diligence, human rights, labour, environment, anti-bribery, consumer interests, tax and competition. Vietnamese suppliers to global companies are increasingly asked to apply them.
Criteria used by FTS Impact Lab
In the Assess tool you can check your initiative against each criterion below (met, partly met, not met, not applicable).
- Due diligence: a process to identify adverse impacts in operations and the value chain
- Priorities set by severity and likelihood
- Measures to prevent, mitigate and remedy harm caused or contributed to
- Affected workers and communities are consulted
- Transparent disclosure of risks and responses
- A working grievance channel
Example indicators to track
- % tier-1 suppliers risk-assessed
- Salient risks identified with an action plan
- Grievances received and average resolution time
FTS Impact Lab refers to this framework for analysis and advice. Results are not a certification or an official conformity assessment.