Investor Statement Addressing Forced Labor in Supply Chains
Forced labor is ubiquitous in today’s complex and opaque supply chains. The International Labour Organization (ILO) estimates that 24.9 million people around the world are in situations of forced labor, generating $150 billion in illegal profits in the private economy. Vulnerable groups such as migrant workers are particularly affected.
As investors we promote responsible business conduct as outlined in the OECD guidelines and support the United Nations’ Sustainable Development Goal 8.7 to eradicate forced labor.
In April of 2018, the KnowTheChain and the Investor Alliance developed and circulated this statement defining investor commitments and expectations towards investee companies, which can be used in engagements with companies.
Sign-on to the letter here.