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.
US seafood company Bumble Bee, one of the leading companies in the canned tuna market with nearly 90% consumer awareness levels, and its Taiwanese parent company Fong Chun Formosa Fishery Company (hereinafter referred to as FCF), one of the top thre...Read More
At present, human rights disclosure among top-listed companies in ASEAN falls substantially short of the benchmark set by the UNGPs. The lagging human rights disclosure in ASEAN reflects a lack of specific guidelines and oversight from national and ...Read More
This ASSESSMENT MATRIX explains how to measure evidence of national legislative and policy responses to sexual exploitation of children in the context of travel and tourism as identified in the legal checklist. Measurable indicators for each of the ...Read More
The COVID-19 crisis has a potentially far-reaching, long-term negative impact on trafficked and exploited persons. Although at this stage it is not yet possible to assess the full impact of the pandemic on human trafficking, it is sure that its soci...Read More
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