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.
This analysis of modern slavery statements focuses on changes in reporting and practice in addressing forced labour and human trafficking. Some key findings Under the UK Modern Slavery Act 2015, companies with a financial turnover of over £3...Read More
In 2015, the UK Government introduced the Modern Slavery Act (MSA), which requires certain companies publish an annual statement detailing what steps they have taken to tackle modern slavery, both in their operations and in their supply chains. Busin...Read More
The NetClean Report 2016 provides an overview of global trends in child sexual abuse crime, especially on the channels that are used for the distribution of child sexual abuse material. The report is a unique insight into the experiences and accumula...Read More
The purpose of this brief is to provide an analysis of the near-term effects of the COVID‑19 pandemic on enterprises and workers engaged in trade and GSC-related activities and to explore the medium and long-term implications of the pandemic on su...Read More
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