Business and Finance at the OECD

🆕 #EconomicOutlook | OECD GDP growth projections for 2025: World 3.3 % India 6.9% Indonesia 5.2% China 4.7% Russia 1.1 % Türkiye 2.6% G20 3.3% Brazil 2.3% Spain 2.3% United States 2.4% Korea 2.1% Mexico 1.2% Canada 2.0% Australia 1.9% France 0.9% Saudi Arabia 3.6% South Africa 1.5% United Kingdom 1.7 % Euro area 1.3% Italy 0.9% Germany 0.7% Japan 1.5% Argentina 3.6% Access report in full: https://oe.cd/EO-Dec24

📢 Pension Markets in Focus 2024 out NOW! 📢 📈 Pension assets in OECD countries grew by 10% in 2023, reaching over USD 56 trillion. Including pension reserve funds, the total reached USD 63 trillion. However, they remained 5% below their 2021 level. Growth in 2023 resulted from positive returns in equity markets and positive cashflows from contributions over benefit payments. The 2024 Pension Markets in Focus analyses this growth and the underlying drivers, compares it with long-term trends, and examines whether the shift from defined benefit plans to defined contribution plans continued. Click here for full access: https://brnw.ch/21wP9pM Explore also the OECD Pensions Outlook 2024 to gain further insights: https://brnw.ch/21wP9pS

Today we presented the OECD Pensions Outlook 2024 and the Pension Markets in Focus 2024 reports. Rewatch the live presentation and panel discussion here ➡️ https://lnkd.in/ekwdcckV Mathias Cormann, Carmine Di Noia, Pablo Antolin Nicolas, Stéphanie Payet, Romain Despalins, Jessica Mosher, Julia Cillikova, Carlos Alberto González Mendoza, Panos Tsakloglou, Ali Khawar

Starting soon: join us this morning for the opening session of the Global Forum on Competition @10:00 CET!

#OECDintegrity Forum 2025: Harnessing innovations to break new ground Today's innovations have the potential to transform the global fight against corruption, creating new ways to promote integrity and transparency. Join us for the 2025 Global Anti-Corruption and Integrity Forum as leaders from government, business and civil society explore how emerging technologies such as AI, data analytics, and digital forensics can disrupt corrupt practices, fight bribery, enhance enforcement and strengthen public trust. By highlighting innovative strategies and fostering public-private partnership, the Forum aims to break new ground in promoting transparency and integrity, while inspiring participants to implement forward-thinking solutions that can reshape the global anti-corruption landscape. 📅 26 -27 March 2025 📍 OECD, Paris Registration is now open: https://brnw.ch/21wP4Vd

📢SAVE THE DATE: Launch of the OECD Pensions Outlook 2024 with opening remarks by Secretary-General Mathias Cormann and Carmine Di Noia, OECD Director for Financial and Enterprise Affairs. 📅 2/12 14:00 CET The 2024 edition focuses on: ➡️ Promoting inclusiveness ➡️ Strengthening financial incentives ➡️ Ensuring access to adequate investment options ➡️ Protecting against longevity risk ➡️ Enhancing communication Livestream here: https://brnw.ch/21wP4fl The Pension Markets in Focus 2024 will also be launched the same day, providing data and trends on asset-backed pensions globally. #Pensions #FutureOfPensions #RetirementSecurity

Save the date! 2024 𝗚𝗹𝗼𝗯𝗮𝗹 𝗙𝗼𝗿𝘂𝗺 𝗼𝗻 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 happening on 2-3 December! ➡️Competition and Inequality (🎥 Live on 2 December at 10am!) ➡️Cross-border Mergers ➡️ Peer Review of Thailand ➡️ Competition in the Food Supply Chain Check out our confirmed speakers and more at https://brnw.ch/21wP3iT Mathias Cormann Carmine Di Noia Pablo Márquez Juliane Mendelsohn Ariel Ezrachi The Competition Commission South Africa New York University School of Law Pontificia Universidad Javeriana

📣 REGISTRATION for the OECD - OCDE Forum on #DueDiligence in the #Garment and #Footwear Sector is now open! 📆 11 - 12 February 2025 📍 OECD Conference Centre, Paris and online. 🌐 Join us to connect with a diverse range of experts, including representatives from governments, businesses, trade unions, civil society, international organisations, and academia. Together, we will discuss challenges, emerging risks, and practical solutions for implementing due diligence in global garment and footwear supply chains. In addition to the main forum, do not miss an exciting lineup of virtual side sessions on 10, 13, and 14 February. The side session agenda will be announced in January - stay tuned! 🔗 Register now and access our preliminary agenda: https://brnw.ch/21wP0Z2 The discussions center around the OECD Due Diligence Guidance for Responsible Supply Chains in the Garment and Footwear Sector. Learn more about our work ➡ https://brnw.ch/21wP0Z1 Allan Lerberg Jørgensen Dorothy Lovell Hannah Koep-Andrieu Andrea Schill Julia del valle Nicholas Robin Claire Kormann

The OECD Guidelines on Corporate Governance of State-Owned Enterprises (#SOE Guidelines) were presented today at a regional event in Riga. Hosted by the State Chancellery of Latvia, the Baltic Institute of Corporate Governance (BICG) and the OECD, the event brought together key stakeholders from Estonia, Latvia and Lithuania to explore the future of SOE governance in the region. Participants: 1. Examined the key revisions to the SOE Guidelines and trends in SOE governance practices globally and in the Baltic region. 2. Exchanged insights on SOE reform achievements and remaining challenges in the three Baltic countries. 3. Discussed the role of SOE boards in ensuring strong #corporategovernance, including ways to improve sustainability practices within SOEs. An excellent opportunity to share experiences and collaborate on enhancing transparency, accountability, and efficiency in state-owned enterprises. Thanks to all the participants for attending! Raivis Kronbergs, Rytis Ambrazevičius, Klavs Vasks, Jurate Stanisauskiene, Erkki Raasuke, Elīna Salava, FCCA, Gian Piero Cigna, Kimmo Viertola, Vaidotas Rudokas, Tarmo Porgand, Sara Sultan, Evika Silina, Martin Kohtze Find out more about our work on SOEs: oe.cd/5II

📢Just launched! New OECD - OCDE paper explores the role of sustainability initiatives in changing policy landscape for due diligence. ➡️ OECD alignment assessments of sustainability initiatives in an evolving regulatory context: https://lnkd.in/eC_xsF9b The paper reflects on over 8 years of assessing industry schemes, multi-stakeholder initiatives and certifications (“sustainability initiatives”) against international due diligence standards. Companies and governments are increasingly turning to sustainability initiatives as a tool to demonstrate sustainable operations, products and supply chains. Well-designed initiatives can help to reduce audit duplication and costs for companies, promote information sharing, and scale up effective due diligence. But they also differ hugely in scope, design and quality—and in how far they support companies’ due diligence. A lack of reliable public information on what initiatives do and do not cover – and what they do or do not do well – poses problems for users, whether companies, governments, investors or civil society. It also undermines trust in those initiatives that are credible. The OECD’s assessment methodology has been used by the OECD, the European Commission (in the context of the EU Conflict Minerals Regulation), the London Metal Exchange (in the context of its responsible sourcing requirements) and independent assessors to evaluate initiatives covering over 𝟮𝟬,𝟬𝟬𝟬 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 globally. ⚖️Today’s changing regulatory and policy environment presents a timely opportunity for 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝘀 to: ➡️️ Promote more reliable and centralised public information on sustainability initiatives ➡️ Promote consistent approaches to due diligence and a shared understanding of what makes a sustainability initiative “credible” ➡️️ Clarify the role - and limitations - of different types of initiatives in supporting due diligence & mitigate the risk of over-reliance on them ➡️ Avoid one-size-fits-all approaches that prevent initiatives from specialising. Due diligence will not achieve cost-effective scale without collective action. Yet governments will need to play a key role in shaping that eco-system and, most importantly, in making sure that it works for people and planet. Read more: Recognition between sustainability initiatives: https://lnkd.in/dPSCzUaC Consolidated methodology for OECD alignment assessments of sustainability initiatives: https://lnkd.in/eu7uBD3m Understanding sustainability initiatives – A typology framework: https://lnkd.in/dw8PQgB3 #ResponsibleBusinessConduct #DueDiligence #Sustainable #SupplyChains Allan Lerberg Jørgensen|Hannah Koep-Andrieu|Emily Norton|Dorothy Lovell|Andrea Schill