New global study from Global Child Forum shows companies score particularly low on responsible marketing and product safety, increasing risk for children
STOCKHOLM, Sweden – 14 November 2019 – Global Child Forum, a Stockholm-based non-profit foundation founded by the Swedish Royal Family to promote children’s rights, today announced the results of its 2019 global benchmark study, The State of Children’s Rights and Business: From Promise to Practice, showing that companies worldwide are making incremental positive changes to protect children’s rights, but need to significantly accelerate the pace, as risks continue to outpace progress.
The study, conducted in collaboration with Boston Consulting Group, analyzed just under 700 of the world’s largest companies, and how they are safeguarding children’s rights as part of their business value chain. It marks Global Child Forum’s second global benchmark since 2014.
“Our report demonstrates that companies are starting to understand the specificity of children’s rights issues within a corporate context and want to make a positive difference,” said Cajsa Wiking, Secretary General at Global Child Forum. “However, we also found that many companies need to go beyond having formal policies in place, and actually put them in practice through implementation and integration in company operations and supply chains.”
Key findings from the study include:
“The risks to children in a business context go well beyond child labor, as companies affect children through their products and services, marketing methods, relationships with local and national governments, and investments in local communities,” said Johan Öberg, Managing Director and Senior Partner at Boston Consulting Group. “The 2019 benchmark highlights clear opportunities for the business community to make a more significant difference by improving reporting, accountability and a better understanding of how children are impacted by business practices.”
The 2019 benchmark report, which represents the most extensive assessment of how the corporate sector is doing on integrating children’s rights into their operations, and their relations with communities, is timed with the 30th anniversary of the U.N. Convention on the Rights of the Child.
The benchmark tracks 692 of the world’s largest companies by revenue across nine industries and six geographic regions. Companies are given an overall weighted scored based on their performance on three issue categories:
Additional details on the methodology are included in the full report.
Founded in 2009 by the Swedish Royal Family, Global Child Forum is a leading forum for children’s rights and business dedicated to innovative thinking, knowledge-sharing and networking. Global Child Forum believes in the power and responsibility of business, working in partnership with all parts of society, to create a prosperous, sustainable and just society for the world’s children. In addition to forums, Global Child Forum delivers research perspectives, best practices and risk assessment tools designed to unlock opportunities for business to integrate children’s rights into their operations and communities. For more information, please visit: www.globalchildforum.org.
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RF|Binder (on behalf of Global Child Forum)