OECD Guidelines for Multinational Enterprises on Responsible Business Conduct (2023 Update) OECDMNE-1: Concepts and General Policies, Risk-Based Due Diligence Framework

Adhere to the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct Chapter I (Concepts and Principles) + Chapter II (General Policies + Risk-Based Due Diligence) per the OECD Council Recommendation (Decision of the Council) adopted 8 June 2023 (2023 Update of the 2011 Guidelines). MNEs are encouraged to (a) contribute to economic + environmental + social progress with a view to achieving sustainable development + (b) respect the internationally recognised human rights of those affected by their activities + (c) encourage local capacity building through close cooperation with the local community + (d) encourage human capital formation by creating employment opportunities and providing training + (e) refrain from seeking or accepting exemptions not contemplated in the regulatory framework + (f) support sound corporate governance + (g) develop and apply effective self-regulatory practices and management systems that foster a relationship of confidence + (h) promote awareness of and compliance by workers + business partners with the enterprise policies through appropriate dissemination + training + and incentive programmes + (i) refrain from discriminatory or disciplinary action against workers who report bona fide concerns + (j) implement risk-based due diligence to identify + prevent + and mitigate actual and potential adverse impacts + (k) refrain from any improper involvement in local political activities. Maintain board-level oversight of Responsible Business Conduct per OECD-MNE-GOV-01 considerations.