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OECD and Global Compact Recognize Their Complementarities and Distinct Contributions

2005-05-04 

The OECD Investment Committee, which oversees the functioning of the OECD’s corporate responsibility initiative – the OECD Guidelines for Multinational Enterprises, has published a paper on the complementarities and distinctive contributions of the Guidelines and the Global Compact.

The paper, which was developed in cooperation with the Global Compact Office, sets forth the initiatives’ major premises and objectives, their scope and coverage, and outline implementation and follow-up mechanisms. In so doing, it aims to lay the foundation for possible future cooperation between these two different voluntary corporate citizenship initiatives. Opportunities for mutual advocacy and promotion will be explored.     

The paper is the latest acknowledgment by a group of Governments of the value of the Global Compact. The Investment Committee consists of Government delegates from 39 countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Israel, Ireland, Italy, Japan, Korea, Latvia, Lithuania, Luxembourg, Mexico, The Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, and the United States.
 
Please contact Ms. Ursula Wynhoven (wynhoven@un.org) for details.