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.
Article 3(a) of the United Nations Protocol to Prevent, Suppress and Punish Trafficking in Persons, Especially Women and Children, supplementing the United Nations Convention against Transnational Organized Crime (Trafficking in Persons Protocol) de...Read More
Prepared by Mark Taylor, Issara Institute. This paper provides an analysis and perspective of labour recruitment along the Myanmar-Thailand corridor– the largest source and destination countries for migrant workers within the intra-ASEAN regio...Read More
Australia needs a “Modern Slavery Act” that addresses three issues as a priority: Anti-Slavery Commissioner - appointment of an Anti-Slavery Commissioner to provide independent oversight, with powers to monitor laws and hold business and th...Read More
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