Question

The ---------- Guidelines constitute one of the most comprehensive CSR tools available to companies.

• A. OECD
• B. OACF
• C. OECG
• D. ASEAN

Hint:

When thinking about international CSR frameworks, remember key names like the OECD Guidelines, the UN Global Compact, and the ISO 26000 Guidance on Social Responsibility. The OECD guidelines are particularly important as they are backed by governments and have a formal grievance mechanism (National Contact Points).

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
Beyond national laws, several international frameworks and guidelines exist to help multinational enterprises (MNEs) conduct their business responsibly. These guidelines cover a wide range of issues including human rights, labour, environment, anti-corruption, and consumer interests, which are all part of a broad understanding of CSR.
Step 2: Detailed Explanation:
The OECD (Organisation for Economic Co-operation and Development) Guidelines for Multinational Enterprises are widely regarded as one of the most comprehensive sets of government-backed recommendations on responsible business conduct.
These guidelines provide non-binding principles and standards for responsible business conduct in a global context, consistent with applicable laws and internationally recognised standards. They are addressed by governments to MNEs operating in or from adhering countries. They cover a broad spectrum of issues, making them a very comprehensive tool for companies looking to design and implement their CSR policies.
The other acronyms are either incorrect or represent organizations whose guidelines are not as universally recognized in the CSR context as the OECD's. ASEAN (Association of Southeast Asian Nations) also has frameworks, but the OECD guidelines are more global in scope and influence.