The starting point for respecting human and labour rights is to understand the impact of a company’s activities on people.
The apparel industry is a complex sector. Valued at US$3 trillion, the global market accounts for 2% of the world’s GDP.
Adverse human rights issues and impacts are found throughout the supply chain.
We interviewed a number of investors who have engaged companies on human rights issues.
Recent legislation such as the UK Modern Slavery Act, along with prominent examples of labour breaches in agricultural supply chains - which include child labour in the cocoa industry or forced labour in the seafood industry – are exposing food and beverage companies to heightened operational, regulatory and reputational risks.
Happy employees are good for business: highly engaged employees tend to stay longer, and are more likely to be productive and provide good customer service.
To improve the level of reporting and performance on employee relations, suggestions on how investors can engage retailers on the topic are provided below.
Employee turnover not only provides an indication of employee retention, but also employee satisfaction as well as recruitment and training costs for new employees.
Although 22 of the 27 companies (81%) engaged improved their reporting, there remains significant scope for further improvement in both reporting and performance.
Extractive companies are among those companies that have the most daily impact on our lives. They have an impact on their workers, the communities located near their operations, and the people living in the operating country. They use countries’ natural resources, which ultimately belong to their citizens, and therefore need ...
Extractive companies face complex human rights risks. They are often confronted with dilemmas rather than clean-cut solutions when it comes to respecting human rights, particularly in emerging markets.
There is a global expectation today that all companies respect human rights.
Based on findings from the PRI roundtables with extractive companies, and research into the reporting of 50 extractive companies, the PRI in conjunction with steering committee members suggest six areas for engagement.
Companies and their investors are paying increased attention to the challenges and opportunities of doing business in conflict-affected and high-risk areas.