Organisation for Economic Cooperation and Development (OECD)

Significant progress has also been made with the wider acceptance of the concept of Responsible Business Conduct (RBC), particularly since 2011 when the OECD Guidelines for Multinational Enterprises were updated and the UN Guiding Principles for Business and Human Rights adopted. RBC aims at integrating and considering environmental and social issues within core business activities, including throughout the supply chain and business relationships. Although RBC is sometimes used interchangeably with Corporate Social Responsibility (CSR), it is understood to be more comprehensive and integral to core business than CSR, which, in practice, mainly focuses on philanthropic activities, by companies. CSR has seen uptake in many parts of the world.

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