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.”