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IMPORTANT INFORMATION
All data as at 31 December 2024, unless specified otherwise. This document is issued for information purposes only. It does not constitute the provision of financial, investment or other professional advice. We strongly recommend you seek independent professional advice prior to investing. The value of investments and the income derived from them may fall as well as rise. Investors may not get back the amount originally invested and may lose money. Any forward-looking statements are based on CCLA’s current opinions, expectations and projections. CCLA undertakes no obligations to update or revise these. Actual results could differ materially from those anticipated. All names, logos and brands shown in this document are the property of their respective owners and do not imply endorsement. These have been used for the purposes of this document only. CCLA Investment Management Limited (a company registered in England and Wales with company number 2183088), whose registered address is One Angel Lane, London EC4R 3AB, is authorised and regulated by the Financial Conduct Authority.
result
Better work
Despite significant progress over centuries, far too many businesses still have a very poor record in the area of labour rights.
Sea Alarm, HM Prison The Verne | Courtesy of Koestler Arts
Despite significant progress over centuries, far too many businesses still have a very poor record in the area of labour rights.
Target: sustainable development goal 8
Target: sustainable development goal 8
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Labour rights encompass a wide range of fundamental human rights, including the rights to decent work, freedom of association, equal opportunity, and protection against discrimination, exploitation and abuse in the workplace.
During the reporting period, we launched the second iteration of the CCLA Modern Slavery UK Benchmark and pressed ahead with concerted efforts to strengthen the legislative environment on modern slavery. We continued engaging with companies on the Living Wage for employees and the supply chain, and worked hard to address human and labour rights controversies affecting our investee businesses. All these themes are covered in the following pages.
“Before automation how did humans endure work?”
www.CartoonStock.com
Modern slavery
Modern slavery
Modern slavery is an umbrella term encompassing slavery, servitude, human trafficking, and forced or compulsory labour. Victims are controlled by punishment, debt bondage, threats, violence, deception or coercion. While the true extent of this crime is hidden, it is estimated that 50 million people worldwide are in a state of modern slavery. It infiltrates the supply chains of many everyday products and commodities, including food, electronics and clothing. It is also rife in construction and hospitality.
While some companies are more exposed to the risk of modern slavery than others, we believe that all businesses are linked to modern slavery in some way – either directly, or indirectly via their supply chains.
We have spent years bringing investors together to help improve the efficacy of corporate action to find and fight modern slavery in supply chains. In 2024, this work accelerated.