OECD Watch submission for the public consultation on updating the OECD Policy Framework for Investment
The OECD is currently in the process of updating its Policy Framework for Investment (PFI) to reflect developments in global economic trends and has requested input in the process from experts in the international investment community. The OECD has requested input from OECD Watch, and OECD Watch welcomes the opportunity to comment on the draft updates of the PFI chapters.
OECD Watch appreciates the opportunity to make a submission to the OECD’s Working Party on Responsible Business Conduct (WPRBC) and the NCPs, in relation to the agenda of their joint meeting on the 4th of December 2014. This submission, accompanied by OECD Watch’s December 2014 Quarterly Case Update, provides input for the WPRBC and NCPs’ discussions on five subjects.
The purpose of this briefing note is to describe the current patchwork of existing non-judicial grievance mechanisms and how they function, identify their limitations, and provide recommendations for improving them.
The highlights of this Quarterly Case Update include re-filing of case against BT after new information substantiating a link between BTs services and US drone operations has been uncovered. New cases alleging breaches of the OECD Guidelines have been filed against ANZ Bank, G4S, Rabobank, F1 One Grand Prix companies, and Kinross Gold. Also in this Quarterly Case Update are updates on progress in the cases involving Andritz, ENRC, Statkraft and Socapalm. The UK NCP rejects the cases against 6 UK telecom companies, arguing insufficient substiantiation of the link between companies and mass surveillance by the UK government. The Canadian NCP uses flawed and unsubstantiated reasoning to reject the cases against Corriente Resources and CRCC Tongguan more than a year after filing. Final statements have been issued by German NCP on the cases against Karl Rieker and KiK and the UK NCP in the case against GCM. Unable to get GlencoreXstrata to come to the table, the Argentine NCP closed the glacier mining case and criticises GlencoreXstrata for its refusal to engage in mediation.
The highlights of this Quarterly Case Update include eleven new cases filed against Andritz, China Gold International Resources, Alliance Boots, G4S, Dae Kwang Chemical and six insurance companies from New Zealand. WWF and SOCO reached landmark agreement following a UK NCP-facilitated mediation. The UK NCP is also facilitating mediation on the Britisch Gas/Chevron/ENI cases and between RAID and ENRC. The Canadian NCP publishes a final statement for the Barrick Gold case in Papua New Guinea. The South Korean NCP closes Il-Kyoung case concerning labour rights violation in the Philippines without publishing a final statement or even officially informing the complainants.