In what way does the UN Global Compact differ from the OECD guidelines for multinational enterprises?
A) Unlike the UN Global Compact,the OECD guidelines uses a more governmental approach for the same issues.
B) Unlike the OECD guidelines,the UN Global Compact ignores most areas of environmental concern.
C) Unlike the UN Global Compact,the OECD guidelines believes that businesses should eliminate forced labor.
D) Unlike the OECD guidelines,the UN Global Compact applies only to companies operating in their own country.

Question

Quizplus · Accepted Answer

The UN Global Compact is a voluntary initiative for businesses to commit to responsible and sustainable practices, while the OECD guidelines are a set of recommendations for multinational enterprises that are supported by governments. The UN Global Compact relies on a non-governmental approach, while the OECD guidelines have a more governmental approach to the same issues.

Option B is incorrect, as both the UN Global Compact and OECD guidelines address environmental concerns. Option C is incorrect, as both the UN Global Compact and OECD guidelines advocate for the elimination of forced labor. Option D is incorrect, as the UN Global Compact applies to companies operating globally, regardless of their country of origin.

In What Way Does the UN Global Compact Differ from the OECD