Jan 29, 2019 16 03 oecd due diligence guidancemineralsedition3 1. Download oecd watch submission for the public consultation on updating the oecd policy framework for investment. The guidance is expected to become the authoritative international reference on due diligence. Oecdfao guidance for responsible agricultural supply chains. Oecdfao guidance for responsible agricultural supply. Oecd watch submission for the public consultation on. Abbvie has a crossfunctional conflict minerals strategy team that is led by the. Demystifying the due diligence framework under the oecd. May 04, 2016 just in time for those forms sd and conflict minerals reports, due may 31, the oecd has posted a new edition of the oecd due diligence guidance for responsible supply chains of minerals from. The fivestep framework for riskbased due diligence, the model supply chain policy and the. The oecd due diligence guidance for conflictfree mineral. A structured assessment is undertaken against detailed criteria that are set out in the assessment tool. The oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas hereafter the oecd ddg or ddg is a due diligence framework that was developed to. The oecd due diligence guidance for responsible mineral supply chains.
Annex ii of oecd guidance commun icate policy t o suppliers and incorporate due diligence expectations into contracts establish traceability or chain of custody system over mineral supply chain adopt a pol y for espons ible m n al su ply chains model poli y in ann ex ii of oecd guidanc c mmuni cate poli y t supplie rs and. Oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas third edition 2. The structure of the guidance draws from the oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas,7 which clarifies how the oecd guidelines apply to a specific supply chain. The recommendation was released at the oecd 2018 mcm. This selfassessment will help you assess your gaps against step 1 of the oecd due diligence guidance. Jun 27, 2018 on june 20, at the 2018 global forum on responsible business conduct, the organization for economic cooperation and development oecd formally launched its new due diligence guidance for. The oecds final reports on beps were issued in 2015 however, the oecd has felt that a new beps 2. Gold supplement to the oecd due diligence guidance oecd. Guidance to business enterprises on respecting human rights should indicate expected outcomes and help share best practices. Key features of the oecd guidance one set of expectations a common framework for due diligence expectations throughout the entire mineral supply chain from mines until end users progressive. It has been developed to build on the due diligence framework of the oecd due diligence guidance. Demystifying the due diligence framework under the oecd guidelines for multinational enterprises. The companys management system, referred to as the sustainable procurement framework for cobalt, is aligned with the oecd due diligence guidance for responsible supply chains of minerals from. This guidance provides a practical framework for identifying and managing risks with regard to stakeholder engagement activities.
The organisation for economic cooperation and development oecd has released an updated edition of their oecd due diligence guidance for responsible supply chains of minerals from conflict. Oecd due diligence guidance for responsible supply chains of. A due diligence framework that was developed to enable companies to identify and manage conflict mineral risks in their supply chains. Quantifying the costs, benefits and risks of due diligence for responsible business conduct. This is a general guidance put out by the oecd in plain language for smes who may be looking at starting due diligence programs and creating policies as a basis for starting business dealing is a foreign market. Just in time for those forms sd and conflict minerals reports, due may 31, the oecd has posted a new edition of the oecd due diligence guidance for responsible supply chains of minerals. The purpose of the framework is to provide guidance for due diligence as the. Responsible business conduct project on the implementation.
By implementing the recommendations of the oecd fao guidance companies can systematically identify, assess and mitigate potential negative impacts associated with their business. The pilot also allowed companies to openly share their learnings and good practices in. Oecd due diligence guidance for meaningful stakeholder. Oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas 3. The due diligence team will also need to search for information in a matter sensitive to the particular transaction e.
Annex ii of oecd guidance commun icate policy t o suppliers and incorporate due diligence expectations into contracts establish traceability or chain of custody system over mineral supply. Principles of the oecd guidance due diligence is a dynamic, ongoing process with the. Recognized framework used to develop due diligence framework our conflict minerals process and policy are designed to conform in all material respects with the oecd guidance. The oecd due diligence guidance provides detailed recommendations to help companies respect human rights and avoid contributing to conflict through their mineral purchasing decisions and practices. Oecd due diligence guidance for responsible supply chains. The oecd guidance including its supplements applies to.
The guidance explains how companies should conduct diligence to avoid and address adverse impacts under the oecd guidelines for multinational enterprises. The guidance explains how companies should conduct diligence to avoid and address adverse impacts under the oecd. Mr matthew chamberlain chief executive lme 10 finsbury square. Oecd due diligence guidance for responsible supply chains of minerals from con. Oecd due diligence guidance for responsible business conduct.
The 3ps framework is general in nature and can be modified by companies to meet the needs of their business. In addition to assessing how companies interpret and implement responsible business conduct and due diligence principles, the pilot aimed to support companies in better understanding the fivestep due. Oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas second edition contents recommendation of the council on due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas oecd due diligence guidance for responsible supply chains of. This means, for example, a financial institution may elect to obtain a selfcertification for all preexisting accounts held by individuals consistent with the due diligence procedures for new individual accounts. This oecd fao guidance and due diligence framework was developed in collaboration with supply chain experts, business, civil society, unions and policy makers. Oecd 2018 you can copy, download or print oecd content for your own use, and you can. Annually describe all due diligence efforts steps 14, e. Due diligence is the investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract with another party, or an act with a certain standard. Fao guidance for responsible agricultural supply chains oecd and fao have developed this guidance to help enterprises observe standards of responsible business conduct and undertake due diligence along agricultural supply chains in order to ensure that their operations.
Oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas second edition contents recommendation of the council on due diligence guidance. The framework provides dfid with a consistent approach for conducting due diligence during partner assessments and selection using an. Due diligence in the context of onboarding not only includes the risk assessment before you enter into a. The oecd due diligence guidance calls on stakeholders to engage in the legalisation and formalisation of artisanal mining communities. Due diligence guidance for responsible supply chains in. Establish strong enterprise management systems for responsible supply. Oecd due diligence guidance for meaningful stakeholder engagement in the extractive sector. Fao guidance for responsible agricultural supply chains.
Largescale gold miners peer learning webinar 1 august, 20 for distribution. Establish strong company management systems oecd step 1 through people, policies and procedures. A due diligence check assesses the risks associated with a potential supplier. Due diligence guidance for responsible supply chains in the. Guidance to business enterprises on respecting human rights should indicate expected outcomes and help. Description of due diligence performed on the source and chain of custody of those conflict minerals step 1. The oecd has requested input from oecd watch, and oecd watch welcomes the opportunity to comment on the draft updates of the pfi chapters. Engaging the oecd in discussion on the future of the firm the role of due diligence, social dialogue and corporate accountability mechanisms. Oecd watch submission for the public consultation on updating.
May 30, 2018 the recommendation was released at the oecd 2018 mcm. This is a general guidance put out by the oecd in plain language for smes who may be looking at starting due diligence programs and creating policies as a basis for starting business. Help grow the canadian brand and join us on october 17 for a 1hour webinar to learn more about resources that can help you demystify and unpack the due diligence framework under the oecd guidelines for multinational enterprises and provide plainlanguage explanations of the oecd five steps. The oecd due diligence guidance for conflictfree mineral supply chains tyler gillard legal expert oecd investment division background oecd began work on due diligence for conflictfree supply. Oecd issues new edition of oecd due diligence guidance on. This guidance provides 1 an overarching due diligence framework for. Recognizing the vast number of raw materials and the complexity of our supply chain, microsoft uses a riskbased approach to assess our raw material sourcing. Oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas isbn 9789264111189 20 2011 06 1 p. Due diligence is the investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract with another party, or an act with a certain standard of care. This guide provides a practical framework for identifying and managing risks with regard to stakeholder engagement activities to ensure companies play a role in avoiding and addressing adverse impacts as defined in the oecd guidelines for multinational enterprises. The organisation for economic cooperation and development oecd has released an updated edition of their oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas. The oecds due diligence guidance for responsible supply chains of mineral sets out a fivestep process framework for due diligence. The due diligence process is an essential step in the validation of an opportunity for a business. The oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas.
Ilo and oecd update their guiding principles for multinational companies two reference texts upadated. Download an infographic on the 5step framework for supply chains. The oecd due diligence guidance for responsible business conduct provides practical support to enterprises on the implementation of the oecd guidelines for multinational enterprises by providing plain language explanations of its due diligence recommendations and associated provisions. An analysis was conducted using a sample of over 275 global hedge fund allocators of the operational due diligence frameworks in place at these organizations. Implementing the oecd due diligence guidance for responsible.
The oecd due diligence guidance for conflictfree mineral supply chains tyler gillard legal expert oecd investment division background oecd began work on due diligence for conflictfree supply chains in oct 2009 developed with the assistance of a multistakeholder working group. The oecd has developped practical actions for companies to identify and address the worst forms of child labour in mineral supply chains to help them identify, mitigate and account for the risks of child labour in their mineral supply chains. Human rights due diligence teaching business and human. Microsoft responsible sourcing hardware supply chain. Abbvie has a crossfunctional conflict minerals strategy team that is led by the restricted substances management team and supervised by management. Active allocator, inc due diligence ramework for direct investing activeallocatorcom 4 of 25 process. Oecd releases new version of due diligence guidance. Ilo revised its landmark declaration on multinational enterprises. The oecd guidance is an internationally recognized due diligence framework consisting of a multistep, riskbased process. Oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas the oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas hereafter the guidance is the first example of a collaborative. Child labour risks in the minerals supply chain oecd. Design and implement a strategy to respond to identified risks in the. The oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas hereafter the oecd ddg or ddg is a due diligence framework that was developed to enable companies to identify and manage conflict mineral risks in their supply chains.
The oecd guidance provides a detailed due diligence framework to support responsible global supply chain management of minerals and is currently the only internationally recognized. Direct of indirect support to nonstate armed groups. Oecd due diligence guidance for minerals 5step framework. Umicore due diligence compliance report cobalt procurement 2019. Identify, assess and prioritise risks in the supply chain. Mr matthew chamberlain chief executive lme 10 finsbury. Structure of the oecd guidance due diligence guidance includes. Ilo revised its landmark declaration on multinational enterprises adding especially guidance on decent work while the oecd published a new guide on responsible business conduct rbc for investors on due diligences.
Help grow the canadian brand and join us on october 17 for a 1hour webinar to learn more about resources. Oecd issues new edition of oecd due diligence guidance. Oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas. Engaging the oecd in discussion on the future of the firm. Oecd due diligence guidance for minerals 5step framework for upstream and. Analyzing operational due diligence frameworks in fund of hedge funds abstract. The companys management system, referred to as the sustainable procurement framework for cobalt, is aligned with the oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas oecd, 20.
Oecd due diligence guidance for minerals 5step framework for upstream and downstream supply chains. The guidance is applicable to all companies large and small operating in global garment and footwear supply chains. A due diligence framework that was developed to enable companies to identify and. Download the final text of the gold supplement pdf francais. On june 20, at the 2018 global forum on responsible business conduct, the organization for economic cooperation and development oecd formally launched its new due diligence. Nov 08, 2018 engaging the oecd in discussion on the future of the firm the role of due diligence, social dialogue and corporate accountability mechanisms. This guidance is for use by any company potentially sourcing minerals or metals from conflictaffected and highrisk areas. Oecd due diligence guidance for responsible supply chains of minerals. The guidance also includes an assessment framework for industry to evaluate their stakeholder engagement. Set of legal requirements which impose on credit institutions and any person raising funds, controls aimed at identifying interlocutor and origin of its resources. This update clarifies the language used in the previous editions introduction.
A 5step riskbased due diligence framework for all minerals from conflictaffected and highrisk areas annex i 2. Assessing and enhancing the contribution of small and medium. Fao guidance for responsible agricultural supply chains oecd. Set of legal requirements which impose on credit institutions and any person raising funds, controls aimed at identifying interlocutor and origin of its resources the due diligence process is an. Oecd releases due diligence guidance for responsible.
Oecd releases due diligence guidance for responsible business. Oecd and fao have developed this guidance to help enterprises observe standards of responsible business conduct and undertake due diligence along agricultural supply chains in order to ensure that. This guidance is organised into three sections and supporting annexes. Oecd due diligence guidance for responsible business. This checklist answers some frequently asked questions.
It should advise on appropriate methods, including human rights due diligence, and how to. You can copy, download or print oecd content for your own use, and you can include. The structure of the guidance draws from the oecd due diligence guidance for responsible supply chains of minerals from conflictaffected and highrisk areas,7 which clarifies how the oecd. Just in time for those forms sd and conflict minerals reports, due may 31, the oecd has posted a new edition of the oecd due diligence guidance for responsible supply chains of. Oecd due diligence guidance for meaningful stakeholder engagement in the extractive sector oecd due diligence guidance for meaningful stakeholder engagement in the. Download comments received during the online public consultation held from december 2016 to february 2017. Implementing these recommendations can help enterprises avoid and address adverse impacts related to workers. Establish strong enterprise management systems for responsible supply chains. Assessing and enhancing the contribution of small and.
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