Last edited 10 Mar 2022
Responsible business conduct
OECD Survey on Public Procurement, Glossary of key terms, published by the Organisation for Economic Co-operation and Development (OECD) in 2016, suggests responsible business conduct: ‘entails above all compliance with laws, such as those on respecting human rights, environmental protection, labour relations and financial accountability, even where these are poorly enforced. It also involves responding to societal expectations communicated by channels other than the law, e.g. inter-governmental organisations, within the workplace, by local communities and trade unions, or via the press. Private voluntary initiatives addressing this latter aspect of RBC are often referred to as corporate social responsibility (CSR).’
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