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Processes and grievance mechanisms to monitor compliance with and to address violations of UNGC principles and OECD Guidelines for Multinational Enterprises

April 25, 2024

Companies can ensure compliance with UNGC principles and OECD Guidelines by establishing effective processes for monitoring and reporting their activities. This includes setting clear policies, training employees, conducting regular assessments, and implementing tools for continuous monitoring. Additionally, companies should establish legitimate and accessible grievance mechanisms to address violations in a transparent and fair manner. By integrating these processes and mechanisms, companies demonstrate their commitment to responsible business practices and contribute to a favorable ESG score.
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