In March 2012, UNICEF, the Global Compact and the NGO Save the Children published the Children's Rights and Business Principles.
Ten months after adoption of these Principles, Vigeo reviewed their integration within CAC 40 companies. Key findings to the study were the following:
- The majority of companies under review have made explicit commitments towards children's rights. However, they generally only relate to the respect for the minimum age for admission to employment.
- For most of the CAC 40 companies, child labour remains a relevant supply chain issue due to the precarious legal frameworks in place in supplier countries.
- However, most of due diligence measures implemented by companies to identify and mitigate risks of involvement in Human Rights controversies do not make explicit references to children's rights.
- Currently, companies deal with children's rights through their CSR policies' community programs, taking primarily the form of charity initiatives with a focus on education and health.
- BNP Paribas, Danone, L'Oréal, LVMH, Sanofi, STMicroelectronics and Vivendi are the most advanced in terms of reporting and concrete initiatives.
For more information: http://www.vigeo.com/csr-rating-agency/en/etude-unicef-102013-2