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 most domestic labour laws.
72.7% of reported Child Labour risks, based on commodity and country, had no overlap with Forced Labour.
HACE’s expertise covers all forms of Child Labour.
Who are
HACE®?
HACE’s Vision is to drive impactful change through collaborative ownership, empowering investors and companies to eliminate Child Labour. We believe that targeted risk data, supported by qualitative engagement support, empowers investors and companies to have informed dialogue about Child Labour risks in supply chains. This approach encourages impactful actions against Child Labour practices by global public companies and their suppliers.
HACE are a sustainability firm founded by experts in Child Labour and sustainable investment, dedicated to eradicating Child Labour from global supply chains. Our commitment is to provide investors and banks with comprehensive risk management tools and insights to identify, assess, and mitigate Child Labour risks. By fostering collaboration between investors and companies, we aim to safeguard business value and drive positive societal impact.
We collaborate with asset owners, asset and wealth managers and companies looking to identify and minimise the business and investment risks associated with this critical social issue.
[This diagram is a simplified version of the overlap between Forced Labour and Child Labour. For the full download, click below].
What does HACE do?
Our goal is to equip the investment community with the necessary tools and insights to navigate Child Labour risks effectively. We aim to foster progress towards a future where not are the investment risks associated with Child Labour managed, but measurable, positive change is achieved through informed and targeted engagement.
Child Labour Index
To identify risks
Uses technology to evaluate companies based on sector risk, governance, and public perception regarding Child Labour.
This enables clients to proactively identify and manage higher-risk companies in their portfolios, reducing potential liabilities and enhancing ethical standards.
Engagement Toolkit
To engage effectively
Provides investors with specific guidance to engage with companies based on their risk profiles.
This solution facilitates effective communication and intervention strategies, promoting better corporate practices and addressing risk.
Impact Guidance
To achieve measurable outcomes
Offers personalised advice to identify root causes of Child Labour and recommend actionable steps for improvement.
Our guidance helps clients implement targeted interventions that lead to measurable outcomes, ensuring long-term positive impact.
What is the Child Labour
Index?
Developed by Child Labour experts and enhanced by technology, HACE’s Child Labour Index is built with transparency at its core. The Index provides comprehensive data on company-specific risks, including corporate governance frameworks and public sentiment alongside generic supply chain risks affecting industry sectors.
Specifically designed for the financial services sector, 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 proactively engage with their portfolio companies. This toolkit provides tailored strategies that address specific Child Labour risks associated with various commodities, goods, and products.
Leveraging HACE’s subject-matter-expertise and insights from civil society and non-governmental organisations, the Engagement Toolkit enables investors to access global, industry-leading knowledge when managing Child Labour risks within their portfolios.
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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