The Corporate Sector and Children's Rights in South America

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Argentina
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South America Benchmark Report on Children’s Rights and the Corporate Sector

How are South American companies doing on children’s rights?

The Corporate Sector and Children’s Rights in South America is the latest in a series of regional and global benchmarks, done in collaboration with the Boston Consulting Group (BCG), which scans companies from all compass points and identifies if they report on children’s rights indicators.

Do South American companies integrate children’s rights into core operations?  Address and report on children’s rights issues? Engage with programs that benefit children?

The South American benchmark study scored 282 top companies headquartered in Brazil, Chile, Argentina, Colombia, Peru, Venezuela, Ecuador and Uruguay on these, and other, indicators.  The benchmark then assigns both an aggregate regional score as well as individual company scores. All companies included in the study also receive a scorecard with their result and are given an opportunity to respond or give feedback.

The benchmark report was launched at the Global Child Forum on South America on April 4th 2017 in São Paulo, Brazil.

For more information on the report  contact:

Nina Vollmer, Researcher
nina.vollmer@globalchildforum.org

For all media inquiries, contact:

Linda Lodding, Communications Manager
linda.lodding@globalchildforum.org

Stay updated in social media by following @GCForum on twitter.

How did South America score? Download the report!

Why benchmark children’s rights?

Companies of all sizes, in all sectors and regions, have an obligation to respect children’s right in their operations. This isn’t only a societal imperative, it also makes good business sense. While many companies present stellar examples of how both business and society can benefit from respecting children’s rights, most companies grapple with identifying how best to address children’s rights issues within their operations. Our benchmarking reports let companies know where they stand vis-à-vis their region and their sector on a number of basic children’s rights indicators and allows participating companies to identify their areas of strength and pinpoints their shortcomings.

 

 

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Additional insight: Private & State-owned companies

In the recent report The Corporate Sector and Children’s Rights in the Nordic Region, Global Child Forum and the Boston Consulting Group published the results from a benchmarking of how the 299 largest1 listed Nordic companies address children’s rights in their public reporting. To compare the findings from the screening of publicly listed companies, we assessed 30 non-listed Nordic companies; the 15 largest privately owned and the 15 largest state-owned. A summary of those results are presented below2. Of a total possible score of 9, the privately owned companies scored on average 2.1 points, while state-owned companies scored 3.7 on average. In contrast, the 15 largest listed companies scored 5.1 on average. GCF - BCG Nordic addendum - grafik1 One explanation for the difference could be due to the region’s stringent regulations on sustainability, reporting, and board accountability that affect primarily listed and state-owned companies. Due to the small sample size, not all industries are fully represented; approximately half of the private companies are in the Consumer Goods industry, with the remainder spread across Oil, Gas and Utilities, Food and Beverage and Industrials. The state-owned companies assessed are in all of the industries except ICT. RESULTS PER INDICATOR (%) GCF - BCG Nordic addendum - grafik2 When looking at the results for each of the indicators, it is notable that:

  • None of the privately owned companies have received points on Board Accountability and only two companies (13%) have identified their potential impact on children’s rights in risk assessments and materiality analyses.
  • The private and state-owned companies are lagging behind the listed companies when it comes to reporting on the results of their policies, for example against child labour, and establishing strategic collaborations with child rights organisations.
  • The privately owned companies have an opportunity to improve in addressing children’s rights issues other than child labour, such as product responsibility, responsible marketing or sexual exploitation. ___________________________ Based on revenue.  For more information about the methodology and the indicators used in the screening, please see The Corporate Sector and Children’s Rights in the Nordic Region. Companies that score between 6–9 points are considered high-scorers. Here, only state-owned and privately held companies are shown. For the high-scoring publicly listed companies, please see The Corporate Sector and Children’s Rights in the Nordic Region. The IKEA Group is regstered in the Netherlands. As a consequence, they are not part of the sample of companies included in the total average score of private Nordic companies. However, because of their Nordic origins, their child rights practices have been analysed for the sake of knowledge sharing.   Photo credit: Peter Tandlun

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