Thank you very much, Mr. Chair. It's an honour to be addressing your subcommittee today.
My name is Tyler Gillard. I'm joined by my colleague Kathryn Dovey. We work in the responsible business conduct unit that serves 48 governments of the working party on responsible business conduct.
Today we're going to focus our brief presentation on the work of our national contact points for the guidelines, which is a global grievance mechanism on responsible business conduct, as well as our work on responsible mineral supply chains particularly in the context of materials from Colombia.
Just by way of background, the OECD guidelines for multinational enterprises are a broad set of recommendations covering all areas of business ethics, including human rights. They are aligned with the UN's guiding principles on businesses and human rights, but also include recommendations covering corruption, environment and labour practices, amongst others. We have 48 governments that have adhered to this legal instrument, covering roughly 85% of global foreign direct investment and a huge share of global trade, so it's an impactful legal instrument.
Our work to implement that standard focuses on the grievance mechanism. It focuses on our sectoral work. We have sector-specific instruments, including in the extractive industry, as well as outreach to non-OECD countries.
I'm going to first give it over to my colleague Kathryn to run through the national contact point mechanism and its relevance for Latin America.
Thank you.