Standard Chartered is a leading international banking group. Many of the locations in which they operate are low income countries with high levels of gender inequality. The bank is therefore taking action to make positive social and economic contributions. Since 2006, they’ve supported girls, to take on leadership roles in their communities through the Goal program.
“We are asking ourselves:
‘How can we use the bank’s resources to help these girls reach their aspirations?’”
Natasha Kwakwa, Program Director, Goal Standard Chartered
In this Deep Dive, we delve deeper into the Goal program in order to understand its background story and key features. The insights are based on interviews with company representatives and publicly available resources. As part of our research on corporate children’s rights programs, we have also developed a guide for companies: “Corporate Children’s Rights Programs – Guidance and Best Practice”.
Standard Chartered: Empowering girls to be agents of change
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The State of Children’s Rights and Business 2019, is a bold undertaking and showcases the results of nearly year-long review and analysis of just under 700 of the world’s leading companies, in nine sectors and along 20 children’s rights indicators. While the resulting data can be statistically complex, the underlying ambition was relatively straightforward. We wanted to learn more about how the corporate sector is doing with regard to integrating children’s rights into both their operations and their relationships with the communities in which they operate.
Global Child Forum and the Boston Consulting Group initiated the Corporate Sector and Children’ Rights Benchmark study series in 2013 to fill a gap in research. The purpose of the series has been to develop a children’s rights benchmark for the corporate sector and to enable tracking of progress over time on how children’s rights are addressed by business. The data referred to in this reporting has been compiled from one global and five regional studies conducted between 2013-2016; the Nordic region, the Middle East and Northern Africa; Southern Africa, South America and Southeast Asia. In total, the reporting covers 2500 companies across nine different industries.
Global Child Forum and GES International have surveyed asset owner signatories to the Principles for Responsible Investment (PRI) in 2014, 2015, and 2017, in order to understand perspectives of the investor community on integrating children’s rights issues into decision-making processes. We are now taking stock of the knowledge generated from these surveys and from recent in-depth interviews with nine investors. The main findings of our work are presented in this report. The purpose of this report is twofold: to provide information and inspiration to investors by highlighting the relevance of children’s rights, and to supply concrete tools and frameworks for applying related perspectives. We also present two company examples which serve to demonstrate how investors can work with children’s rights on a practical level.
Global Child Forum and the Boston Consulting Group initiated the Corporate Sector and Children´s Rights Benchmark study series in 2013, to fill a gap in the existing research on how the corporate sector addresses children´s rights, both within their operations and in communities. We have produced one global and five regional studies: the Nordic region, the Middle East and Northern Africa; Southern Africa, South America and Southeast Asia. Based on this extensive knowledge, we are now delving deeper into our data in order to provide guidance for companies on how to further their efforts to implement the Children´s Rights and Business Principles. It is evident when analysing our data that almost half (46%) of all businesses establish their own programs and/or donate to charity. We have studied the programs of 13 companies, to identify pertinent common features that can be used as building blocks for other companies. The building blocks needed for a corporate children´s rights program to achieve maximum positive impact are: Relevance, Governance, Collaboration, and Measurement. In this guide, we describe each building block in detail, followed by concrete company examples.
During 2017, Global Child Forum initiated a project aiming at demonstrating how investments in education leads to positive pay-offs not only for the community but also for business. Rightshouse was engaged to carry out the mapping exercise and deliver a database/spreadsheet categorizing collected data – and a report presenting the main findings of the assignment. The report points out that businesses recognize the central importance of education both for development in society as a whole and for the business sector specifically. But while it is well documented that the education sector globally suffers from a significant lack of resources, contributions from the private sector are limited. All findings of the mapping exercise, together with business cases, are presented in the report.
Businesses, investors and organisations alike need to understand how their actions impact children’s rights across the globe. The Children’s Rights and Business Atlas, developed with UNICEF, is the first comprehensive resource to guide companies in assessing risks to children within industry sectors and regions of operation.
Select a region, industry or theme below to learn more about our work there.