Children make up almost a third of the world’s population and are pertinent for business in various ways: as customers, employees’ family members, workers, and key stakeholders in local communities and society at large. They are often the invisible, yet most significantly affected, group with unique vulnerabilities and needs.
It is possible that business activities that have no negative impact on adults may be very harmful to children’s rights and well-being. Still, while the links between business and human rights are becoming increasingly acknowledged and addressed, the attention to children’s rights specifically is still rather low. At the same time, failing to mitigate and manage child-related risks – not to mention missing out on the opportunities – can have material consequences for companies. Universal ownership, responsible investment, fiduciary duties and long-termism are all inherently linked to ensuring that the children of today are taken into account.
“This engagement will run for three years and focus on approximately 15-20 companies selected from the MSCI ACWI (All Country All World Index) depending on participating investors interests with the ultimate engagement goal to ensure that the
targeted companies’ approach to children’s rights is carefully considered and implemented, and hence beneficial to business strategy and outcomes in the long-term. Each company is expected to proactively mitigate child-related challenges applicable to its specific operations and demonstrate deliberate awareness of the nascent opportunities. ”
For more information, please see our Stewardship & Risk brochure, or contact the responsible Engagement Manager.
This engagement project is open for investors and will start when there is sufficient participation.