NBIM Publishes Guidance on Global Apparel and Footwear Supply Chains

Posted on 06/15/2020

Norges Bank Investment Management (NBIM) oversees Norway Government Pension Fund Global. NBIM published guidance on how to improve the impact on children in global apparel and footwear supply chains. The guidance was a result of a partnership between UNICEF and NBIM involving leading apparel and footwear companies.

According to NBIM, “The guidance tool outlines concrete steps companies can take to improve impact on children, including:

Assess child rights risks and business preparedness to address them

Integrate child rights into policies and management systems

Get internal buy-in and engage key decision-makers

Strengthen supplier capacity to address child rights and root causes

Monitor and evaluate progress

Engage stakeholders, workers and implement grievance processes

Report on progress and child rights outcomes

Collaborate and invest in multi-stakeholder initiatives

Support governments and advocate for children’s rights

The guidance tool is accompanied by a summary report that outlines activities undertaken by the network since 2017 to encourage responsible business practices for children in the garment and footwear sector.”

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