KnowTheChain’s Investor snapshot on Forced Labour in the Construction Sector highlights why investors should be concerned about forced labour risks in the construction sector, what the sector is doing to address these risks, and what action investors should be taking.
Construction is a rapidly growing sector globally, with China, India, and the United States forecast to be the largest markets by 2030. The UN estimates that by 2025, 68% of the world population will live in urban areas, up from 55% today, which will require significant construction efforts. As part of China’s Belt and Road Initiative, projects worth more than US$500 billion have been or are being built.
An estimated 7% of the global workforce is employed in the construction sector, and the Gulf’s construction sector alone employs around 10 million workers. Responsible investors have a role to play in ensuring this growth doesn’t increase the risk of workers being forced into exploitation and abuse.
GENERAL CONTEXT The construction industry relies on large numbers of low-skilled workers and, as such, is a major provider of formal employment opportunities around the world. In the Gulf States in particular, the construction boom has attracted ...Read More
On October 28th, 2019, the OECD launched new guidance on Due Diligence for Responsible Corporate Lending and Securities Underwriting (hereinafter “the guidance”). The guidance is based and elaborates on the OECD Guidelines for Multinational Ente...Read More
This report illustrates an ILO project in Ghana, in which ILO partnered with the General Agricultural Workers’ Union (GAWU) of Ghana and the Inland Canoe Fishers’ Association to combat child labour throughout the fish supply chain. ...Read More
The data in this report represents signals and cases from January 1, 2019 through December 31, 2019 and is accurate as of July 30, 2020. Cases of trafficking may be ongoing or new information may revealed to the National Hotline over time. Consequen...Read More
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