“Markets need integrity” – according to the Organization for Economic Co-operation and Development (OECD), responsible business conduct is key to creating an open international investment climate and building a healthy business environment.
The concept of responsible business conduct (RBC) as set out in the OECD Guidelines for Multinational Enterprise, defines good practices in the protection of human and labour rights, environmental standards and consumer interests as well as in combating corruption and financial crime.
Berlin Risk’s tailored solution supports the goal of RBC by applying a holistic approach to assessing the risks facing international operations. This includes identifying all the relevant issues related to the aforementioned topics, which a Client might regard as cause for concern or embarrassment.
Enterprises will increasingly be held responsible for their subsidiaries’ and partners’ business behavior. Supply chain due diligence should therefore address illegal or unethical conduct by suppliers as parent companies are expected to influence and change the incriminating behaviour linked to their contractors.
Responsible business conduct, due to its comprehensive approach goes beyond compliance and reputation, in complementing a company’s global strategy with principles of corporate diplomacy.
Berlin Risk assists clients in assessing RBC risks, conducting integrity due diligence investigations in high risk areas, identifying influential stakeholders and providing incident resolution and decision support.