HACE’s Post

It was fantastic to attend the Bureau of International Labor Affairs event on the World Day Against Child Labour hosted by the U.S. Department of Labor in Washington D.C. earlier this month alongside HACE CEO, Eleanor Harry, who spoke on their expert panel. During our visit, we had in-depth discussions with the Bureau of International Labor Affairs team of experts about the critical issue of Child Labour and the unique challenges it poses for investors. Here are some key takeaways: 🚸 Child Labour is a significant social risk: According to the @International Labour Organisation (ILO) and @UNICEF, there are an estimated 160 million children involved in Child Labour. Of these, only 3 million are classified as Forced Child Labour, with at least 79 million working long hours in hazardous conditions, typically without any voice or representation. This is a broader human rights issue than is typically captured by traditional definitions of forced labour or slavery. 🔍 Increased scrutiny on supply chains: As transparency and accountability across corporate supply chains become more stringent, human rights issues like Child Labour will inevitably become more visible, as they are often 'hidden' in the higher tiers of supply chains. This transparency is welcome and crucial for driving change. 🔥 Material business and investment risk: Human rights issues, including Child Labour, pose significant risks to businesses and, by extension, to investors. Poor supply chain management can lead to brand damage, customer loss, supply chain disruption, and negative impacts on share price and cost of capital. 🌍 Geographical and commodity variations: Child Labour risks often appear in different geographies and commodities compared to forced labour. Investors must recognise that broader Child Labour risks should be assessed alongside Forced Labour and other important Human Rights issues. 🤝 Proactive engagement is essential: It’s increasingly important for investors to recognize Child Labour as an emerging risk and engage with portfolio companies to mitigate it. As owners of companies, investors have a critical role to play in addressing these issues by developing awareness and actively engaging. A proactive approach can lead to better outcomes and impact. We are grateful to the U.S. Department of Labor for hosting us and for their dedication to eradicating Child Labour. We look forward to continued collaboration with the Bureau of International Labor Affairs to address these critical issues. HACE sources data around this critical area, tailored engagement support and impact guidance. #ChildLabour #ChildLabor #SupplyChains #HumanRights #ResponsibleInvestment #WorldDayAgainstChildLabour Elizabeth Burroughs Paul Innella Eric Solomons Will Oulton Richard Perry John Freeman Maha Khan Tom Davies Dennis West Dimitrij Euler Wava Bodin Struan Malcolm Maria Grazia Vigliotti PhD, FBCS Sonali Siriwardena Value Balancing Alliance

June 12, 2024 - World Day Against Child Labour, established by the International Labour Organization (ILO) in 2002, aims to raise awareness about the issue of child labour, focusing on its most dangerous forms. World Day Against Child Labour brings global attention to the widespread issue of child labour, advocating for urgent action and collaboration across sectors to eliminate this problem. https://lnkd.in/eZ-zVm6p.

"LET'S ACT ON OUR COMMITMENTS : END CHILD LABOUR" This year's World Day will focus on celebrating the 25th anniversary of the adoption of the Worst Forms of Child Labour Convention (1999, No. 182). It also presents an opportunity to remind all stakeholders to improve their implementation of the two fundamental Conventions on child labour - Convention No. 182 and Convention No. 138 concerning the Minimum Age for Admission to Employment or Work (1973). Although significant strides have been taken in reducing child labour over time, recent years have seen global trends reverse, underscoring the pressing need to unite efforts in expediting actions to eradicate child labour in all its manifestations. With the adoption of Sustainable Development Goal Target 8.7, the international community made a commitment to the elimination of child labour in all its forms by 2025. Now is the time to make the elimination of child labour a reality! This World Day Against Child Labour, June 12, 2024, we are calling for: The effective implementation of the ILO Convention No. 182 on the Worst Forms of Child Labour; Reinvigorated national, regional and international action to end child labour in all of its forms, including worst forms, through adopting national policies and addressing root causes as called upon in the 2022 Durban Call to Action; Universal ratification and effective implementation of ILO Convention No. 138 on the Minimum Age, which, together with the universal ratification of ILO Convention No. 182 on the Worst Forms of Child Labour achieved in 2020, would provide all children with legal protection against all forms of child labour. #Copied - United Nations . . . All of these information will be useless of you as an individual don't act in your little corner to eradicate child labour. The commit to protect our children starts NOW!!! #Endchildlabour #Allagainstchildlabour #AfricaUniteagainstCL

🌍 Today, we mark the World Day Against Child Labour and the 25th anniversary of ILO Convention No. 182 on the Worst Forms of Child Labour. Shockingly, 3.3 million children are still trapped in forced labour! 📚 Look back at this brief by the ILO Global Business Network on Forced Labour to learn how businesses can help eliminate forced labour of children: #EndChildLabour #StopForcedLabour #ChildRights #WorldDayAgainstChildLabour #GBNFL How businesses can help end forced labour of children: https://lnkd.in/e4Hvt5un

On the 12th of June is the World Day Against Child Labour. Every year, Stop Child Labour celebrates the work that has been done to eliminate child labour and calls attention to the work that still needs to be done. We must protect children’s rights. We all agree that children should not be working; they should be in school. While much progress has been made in reducing child labour over the years, global trends have reversed in recent years. It is now more important than ever to join forces to accelerate action to end child labour in all its forms. Click below to read more about the next steps and find out how Stop Child Labour promotes an area-based approach towards the creation of ‘child labour free zones’. https://lnkd.in/dw2Fte9B #WorldDayAgainstChildLabour #areabasedapproach

This year's World Day Against Child Labour marks 25 years since the adoption of the Worst Forms of Child Labour Convention (No. 182) in 1999. It's a solemn reminder for all stakeholders to strengthen efforts in implementing the two core ILO Conventions on child labour - No. 182 and No. 138 on Minimum Age for Employment. While progress has been made in reducing child labour over time, recent years have seen a reversal of this trend globally. This underscores the urgent need for united action to eradicate child labour in all its forms. With the 2030 Agenda's Sustainable Development Goal Target 8.7, the international community committed to eliminating all child labour by 2025. That target is now less than a year away. Now is the time to turn our commitment into reality and end child labour for good! #EndChildLabour #WorldDayAgainstChildLabour

🌍🚫 World Day Against Child Labour: Let's End Child Labour! 🚫🌍 Today, on World Day Against Child Labour, we unite to combat child exploitation. As we mark the 25th anniversary of the Worst Forms of Child Labour Convention, let's recommit to our mission: **eradicating child labour in all its forms. 🔹 Background: Child labour affects 160 million children worldwide¹. Poverty, conflicts, and crises have pushed more families into desperation, forcing children into work. Africa and Asia-Pacific regions bear the highest burden, with millions trapped in child labour. 🔹 Our Call to Action: 1. Implement ILO Convention No. 182: Let's effectively enforce measures against the worst forms of child labour. 2. Address Root Causes:We must tackle poverty, education gaps, and social inequalities. 3. Universal Ratification: Advocate for ILO Convention No. 138, ensuring legal protection for all children. Together, we can create a world where every child thrives, learns, and dreams without exploitation. 🌟👧🌟👦 #WorldDayAgainstChildLabour #EndChildLabour #ChildrenDeserveBetter¹ Source: Conversation with Copilot, 10/6/2024 (1) World Day Against Child Labour | United Nations - الأمم المتحدة. https://lnkd.in/gy-zgvq7. (2) World Day Against Child Labour 2023. https://lnkd.in/guHU-kad. (3) World Day Against Child Labor - United States Department of State. https://lnkd.in/gS8k5aEX. (4) World Day against Child Labour 2023 - Key message. https://lnkd.in/gZS6AVXz. (5) World Day Against Child Labour - Wikipedia. https://lnkd.in/gzxfY-EU. (6) en.wikipedia.org. https://lnkd.in/gzxfY-EU.

The World Day Against Child Labour is observed on June 12 every year, and the theme for this year is "Let's act on our commitments: End Child Labour." Here are some key points about child labor and this day: - The International Labour Organization (ILO) launched the World Day Against Child Labour in 2002 to raise awareness about child labor globally - Around 218 million children work, with many working full-time and not attending school - The ILO aims to eliminate child labor and ensure all children have access to education and a childhood that prioritizes their well-being and development. - The COVID-19 pandemic and economic crises have led to an increase in child labor, with 160 million children still engaged in child labor worldwide - The Sustainable Development Goal Target 8.7 aims to eliminate child labor in all its forms by 2025.

"Ending child labour by 2025: A review of policies and programmes - World | ReliefWeb" https://lnkd.in/eWpaddKv .Children are the true treasure of humankind, they make us reflect, they show actions that are not biased, they remind us of what and why the world need children. Child Labour apparantly will end next year, according to the goal set by the UN. Well my friends, it will not happen, we are virtually two months away from 2025. How can it be that the world is dealing with this in the quarter of the century.? The current rate of progress, will still leave 121 MILLION Children in Child Labour. This is outrageous, is more than a populated country, are we really concerned? These children could be anyone, but the most affected are children from developing countries. Who dictates when,how, what to do to eradicate this? Are the Powers that Are, or are those directly concerned.? Don't dare to used children as a political gain or strategy, and more so as a campaign ad,wether is even a so called humanitarian appeal !!!!