KnowTheChain released its third benchmark on the Information and Communications Technology (ICT) sector, assessing the efforts of the 49 largest global companies to address forced labor risks in their supply chains. With an average score of 30/100, and more than three-quarters of companies scoring less...
The 49 largest information communications and technology (ICT) companies have a combined market capitalization of US$5 trillion and combined annual profits of almost US$1 trillion. This brings with it a responsibility to prevent and address forced labor in supply chains, particularly when crises such as...
The methodology of the KnowTheChain benchmarks is based on the UN Guiding Principles on Business and Human Rights and assesses companies’ efforts to address forced labor risks in their supply chains against seven themes. 2020 ICT Theme Scores: Commitment & Governance is the highest-scoring theme of the...
The KnowTheChain benchmarks evaluate corporate efforts to assess forced labor risks in their supply chains using a methodology which is based on the UN Guiding Principles on Business and Human Rights and which covers themes such as recruitment and worker voice. The 60 ICT companies...
KnowTheChain is a partnership between Humanity United, Business & Human Rights Resource Centre, Verité, and Sustainalytics. We are pleased to announce Felicitas Weber as the new Project Director of KnowTheChain. Felicitas Weber and her team at the Business & Human Rights Resource Centre have led...
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...
