KnowTheChain is a resource for companies and investors to understand and address forced labor risks within their global supply chains. Through benchmarking current corporate practices and providing practical resources that enable companies to operate more transparently and responsibly, KnowTheChain drives corporate action while also informing investor decisions. KnowTheChain is committed to helping companies make an impact in their efforts to address forced labor.
Timber is the fifth-largest product by value at risk of forced labor imported to the US yet research shows that companies in the forestry sector are failing to address risks of forced labor in their supply chains through their policies and processes. KnowTheChain assessed 39 of the largest publicly listed companies in the paper and forestry and home furnishing retail sectors on their efforts to address forced labor risks in their supply chains, based on publicly disclosed information. The findings show a stark lack of action.
THE BIG PICTURE
An estimated 24.9 million people are victims of forced labor today. Companies can be a powerful force in changing the conditions under which people labor within their supply chains.