This paper describes a promising new effort to fight global labour exploitation using financing strategies to advance and expand the global trend toward fair labour practices. It focuses on private market investment innovations and opportunities, where investors interested in improving global labour conditions while achieving positive financial results are most likely to meet their objectives.
The authors also uncovered some finance mechanisms that have been creatively engineered by a combination of business and human rights, social finance, and data experts. And, the nearly 30 interviews with investors and business and human right experts yielded more leads than this project enabled us to follow up on. Everyone interviewed wants investors to be more conscious about how their investments can help improve fair labour practices. All expressed genuine enthusiasm for the progress to date and encouraged more.
The COVID-19 crisis has exposed once more the vulnerabilities in value chains and precarity of global business operations – and the weakness of voluntary corporate action in addressing these issues. The devastating consequences are felt most by mi...Read More
The tragic event at Rana Plaza on April 24, 2013 drew the attention of the world to the conditions prevailing in the ready-made garment sector of Bangladesh. In its wake, over 150 European textile companies signed a legally binding agreement to main...Read More
From seafood from Thailand and electronics from Malaysia and China, to textiles from India and wood from Brazil, modern slavery exists in all corners of the planet. It is a multibillion-dollar transnational criminal business that affects us all thro...Read More
At the beginning of 2020 1 in 10 children aged 5 and over were involved in child labour worldwide – equating to an estimated 160 million children, or 63 million girls and 97 million boys. Despite significant progress in reducing child labour in th...Read More
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