Why Are Children’s Rights an Issue for Investors?
Author: Anne Kvam, Director of Corporate Governance, Norges Bank Investment Mgmt, in Compact Quarterly, Published on: 1 April 2008
…[T]he effort to safeguard children’s rights is…important from a financial perspective…NBIM [Norges Bank Investment Management] has chosen children’s rights and child labour as one of the strategic areas for corporate governance and corporate engagement…NBIM published a document…to specify investor expectations for corporate performance with regard to preventing child labour and promoting children’s rights. NBIM believes that corporate behaviour which harms the rights and health of children…threatens the legitimacy of individual companies, markets and, indeed, the global market economy. Unwillingness to assume corporate responsibility in addressing and combating the exploitation of children may be an indication of weak corporate management…
Related companies: Norges Bank Investment Management (NBIM)