160 million children globally are in Child Labour
which is equivalent to…
48% of the population of the United States
8x the population of London
1,777x the capacity of Wembley Stadium
48% of the population of the United States 8x the population of London 1,777x the capacity of Wembley Stadium
What is Child Labour?
The United Nations define Child Labour as work that is mentally, physically, socially or emotionally harmful to children and/or interferes with schooling. Child Labour is an internationally recognised term referring to the work undertaken by children aged between 5 and 17. The Worst Forms of Child Labour are defined by the International Labour Organization Convention 138; and include both children working in Hazardous Working Conditions and the Forced Labour of children, both of which are a violation of fundamental human rights and exist in the supply chains of companies operating in developed and developing economies.
Globally recognised data from the United Nations estimates that of the 160 million children in Child Labour, 79 million children are working in Hazardous Working Conditions, while the number of children in Forced Labour is estimated at 3.3 million globally. 89.3 million children in Child Labour are under the age of 12, breaking all international and domestic labour laws.
HACE’s work and expertise focuses on all forms of Child Labour.
Who are
HACE®?
HACE’s vision is to sustainably eradicate child labour in global supply chains. We believe that providing detailed and subject-matter driven information will help Investors and Companies to engage in informed dialogue about Child Labour risk in supply chains, in order to encourage impactful actions against Child Labour practices by global public Companies and their suppliers.
HACE are Child Labour experts, with decades of experience working across large global supply chains. HACE combine deep Child Labour subject-matter expertise with experience in Sustainable Investment and Financial Services. Our commitment is to provide clients with solutions to support the identification of Child Labour risk in their portfolios, and how they can engage meaningfully on this emerging standalone risk with investee Companies, whilst making a difference around this major social challenge.
We work with Asset Owners, Asset and Wealth Managers and Companies looking to identify and minimise the business and investment risks associated with this important social issue.
What does HACE do?
Our aim is to equip the investment community with the necessary tools and insights for navigating Child Labour risks effectively, celebrating the progress towards a future, where not only can downside investment risks associated with Child Labour be managed, but positive change can be achieved through informed and targeted engagement.
Child Labour Index
Helps Asset Owners and Managers identify and calibrate Child Labour risk across their company portfolios. Our data covers all publicly traded companies listed on most global stock markets.
“Where in my portfolio should I engage on Child Labour risk?”
Engagement Toolkit
To inform and support constructive engagement between Investors and Investee Companies tailored to the sector risks relating to each Company.
“How should I engage short-term on Child Labour risk in my portfolio?”
Impact Guidance
To support impact and outcome measures by companies focused on addressing root cause issues for Child Labour according to Commodity, Geography and Type of Work.
“How should I engage long-term on Child Labour risk in my portfolio to monitor impact?”
What is the Child Labour
Index?
Built by Child Labour experts and scaled through technology, with transparency at its core, HACE’s Child Labour Index provides comprehensive data on company-specific risks relating to corporate governance frameworks and associated public sentiment, alongside generic supply chain risks affecting industry sectors.
Designed specifically for Financial Services, the Child Labour Index scores and benchmarks a global universe of companies based on their exposure to Child Labour risk.
What is the Engagement Toolkit?
HACE’s Engagement Toolkit incorporates sector-, commodity- and country-specific engagement guidance to empower investors to engage proactively with their portfolio companies. This toolkit provides tailored engagement strategies, focusing on specific Child Labour risks associated with different commodities, goods and products.
Using HACE’s subject-matter-expertise, with input from Civil Society Organisations and Non-Governmental Organisations, the Engagement Toolkit allows investors to tap into global and industry-leading expertise when managing portfolio Child Labour risk.
HACE’s work on Child Labour and ethical AI
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Financial and Material Impacts of Child Labour
Case studies of how a Child Labour scandal can impact a business.
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Child Labour: Definitions, Data and Misconceptions
An exploration of the topic of Child Labour from a definition, quantitative and supply chain perspective.
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Opportunities and challenges for ethical AI
Greater Manchester SME perspectives on current practices and future regulation
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The Importance of Standardized Child Labour Data to Machine Learning and AI
United Nations University, Code 8.7 Symposium: Using Tech-Driven Data to Address Child Labour
Meet the Team
Across the award-winning team, HACE has unique experience in the cross-section of Child Labour, financial markets and data.
Together, we can eradicate Child Labour.
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