GES new report Combatting child labour – Investor expectations and corporate good practice is a part of GES longstanding Business conduct engagement against child labour in the cocoa sector. Numerous meetings with cocoa companies and stakeholders have been held over the years, and GES has, together with a group of investor clients also visited the world’s number one cocoa producing nation – Côte d’Ivoire.
Reportedly, more than two million children are still estimated to work in hazardous conditions in the West African countries Côte d’Ivoire and Ghana. We see efforts continuously being strengthened across the cocoa supply chain by the industry, governments and others. However, a lot of work remains to be done.
The report puts forward specific investor expectations on cocoa companies to (i) roll-out systems to identify and remediate cases of child labour in the cocoa supply chain, and; (ii) provide support to cocoa-growing farmers so that they may move towards a living income.
Also included in the report is a benchmark of seven of the world’s leading cocoa companies, based on their alignment with the investor expectations. Good practice examples are also presented in order to encourage further discussions on how the expectations may be fulfilled.
For the publication of the report, GES coordinated an Investor statement of support of the expectations set out in the report. Sixty-three (63) institutional investors signed the statement, demonstrating that there is a high level of interest in the investor community to see further efforts made to combat child labour in the cocoa supply chain.
It is our hope that the report clearly communicates what investors expect from the cocoa industry, but also that it provides valuable input on how expectations may be fulfilled.
Download the report in PDF
Download the Investor statement of support of the report in PDF