This post originally appeared on Responsible Investor, read the original here. COVID-19 demonstrates the need to address ESG risks in supply chains By Felicitas Weber and Sonal Mahida The widespread impact of the coronavirus pandemic is revealing a significant vulnerability in corporate supply chains — the potential for...
At the start of 2020, KnowTheChain and the Investor Alliance for Human Rights are pleased to welcome the support of 135 investors representing a combined $5 trillion in assets under management. These investors recognize the urgent challenge of forced labor, how they may be exposed...
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. It is estimated that...
Construction is the second highest-risk sector for forced labor, following domestic work. While the construction sector is growing rapidly, currently employing 7% of the global workforce, research shows that construction companies’ policies and processes for addressing risks of forced labor do not keep the same...
We launched the first KnowTheChain benchmarks in 2016 amid an increase in expectations for companies to report on risks of forced labor in their supply chains. Our intention was to move focus away from legal compliance and instead shift action toward assessing the implementation of effective practices. With the...
Today, we released our final benchmark of 2018, covering the apparel and footwear sector, which remains at high risk of forced labor despite decades of stakeholder and public scrutiny. The benchmark finds that 28 of 43 companies score below 50/100 in addressing the risk of...
At KnowTheChain we believe that companies and investors can be a powerful force in changing the conditions under which people work in their global supply chains. We also know that companies acting individually cannot eliminate a practice endemic to an entire industry. This week we were...
From tea pickers on isolated tea estates to laborers on remote cocoa farms and rice mills, workers in the agricultural sector are particularly vulnerable to exploitation. Driven by a growing demand for fuel, food, and raw materials the sector increasingly pushes agricultural work into more...
In early October, KnowTheChain will launch its 2018 Food and Beverage benchmark report, which evaluates 38 of the largest global food and beverage companies on their efforts to address forced labor in their supply chains. The companies covered in the benchmark represent a combined market...
Released today, our 2018 information and communications technology (ICT) Benchmark found that while technology companies are working to bring the world closer together, they are failing to connect with workers in their own supply chains. Our ICT benchmark ranked the top 40 global ICT companies—with...
