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.
The report aims to presents research findings and recommendations on child labour, forced labour and human trafficking in global supply chains. Jointly authored by the ILO, OECD, IOM and UNICEF under the aegis of Alliance 8.7, the report also repres...Read More
The German government has set a 2020 target for at least 50% of German companies with more than 500 employees to have introduced effective human rights protections. The current coalition Government has agreed to pass laws and push...Read More
The Ethical Framework for Cross Border Labor Recruitment offers a set of specific operational practices (“Standards of Ethical Practice”) for recruitment firms that operate across borders. These practices are reinforced by a Verification and Cer...Read More
Between 1998 and 2008, several hundred North Koreans worked for roughly ten Czech companies. They were mostly young women employed in the shoemaking, textile, and food industries. Initially, their presence attracted little attention from the media o...Read More
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