OECD’s guidance for institutional investors provides specific, practical advice adapted to special characteristics of the complex financial sector.
The guidance highlights key considerations for institutional investors in carrying out due diligence for responsible business conduct and in that way contribute to a level playing field in the sector.
The document is the first of a series of guidance for the financial sector, developed by “OECDs Responsible Business Conduct in the Financial Sector Project”.
The aim of the guidance is to provide a common understanding of institutional investors’ responsibility and how to carry out due diligence in a demanding and challenging financial sector. More than 50 representatives with different background from world leading financial institutions, authorities, and civil society have contributed to develop the guidance.
The guidance emphasises that by conducting due diligence, in line with the OECD guidelines, investors will avoid negative impact on people, the environment and society, as well as financial and reputational risks.
NCP Norway seminar: Launch of the OECD guidance document on responsible investment
How can the recommendations in the OECD document ‘Responsible business conduct for institutional investors‘ be implemented by the finance industry ...
Is the financial sector heading in a new direction?
After major criticism, four Norwegian banks withdrew from the Dakota Access Pipeline in USA in 2017. One of them was ...