Strengthening Transparency in Industries

A/RES/62/274View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, under agenda item 56 Globalization and interdependence, published in 2008.

What subjects does this mandate have?

14 subjects

Accountability Capacity Building Civil Society Corruption Governance Inter-Agency Cooperation International Trade Mining Industry Natural Resources Partnership Private Sector Sustainable Development Trade Policy Transnational Corporations

What’s in this document?

7 operative paragraphs

Emphasizes that transparency and accountability are objectives that should be embraced and promoted by all Member States, regardless of their size, level of development or resource endowment;

Reaffirms, as stated in the United Nations Convention against Corruption,3 the need to combat corruption and enhance transparency, in accordance with the fundamental principles of domestic law, and to take such measures as may be necessary to enhance transparency in public administration, including with regard to organization, functioning and decision-making processes, where appropriate;

Encourages the international community to strengthen, as appropriate, upon request, the capacity of States endowed with natural resources, especially those emerging from conflict situations, to negotiate mutually satisfactory, transparent and equitable contractual terms for the use, extraction and processing of their natural resources;

Notes the efforts of countries that are participating in all relevant voluntary initiatives to improve transparency and accountability in industries, including in the Extractive Industries Transparency Initiative in the extractive sector, and to share their experience with interested Member States;

Reaffirms its commitment to governance, equity and transparency in the financial, monetary and trading systems, as well as its commitment to open, equitable, rule-based, predictable and non-discriminatory multilateral trading and financial systems;

Encourages business and industry, in particular transnational corporations, to establish worldwide corporate policies on sustainable development, arrange for environmentally sound technologies to be available to affiliates owned substantially by their parent company in developing countries without extra external charges and to modify procedures in order to reflect local ecological conditions and share experiences with local authorities, national Governments and international organizations;

Urges the private sector, including corporations engaged in the extractive industries, to ensure transparency and verifiable processes, while adhering to and promoting the principles of honesty, transparency and accountability in order to maximize the contribution of the private sector to the realization of social and people-centred sustainable development.

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

Table of contents