Paragon Impact’s Post

Earlier this month, the European Council signed off on regulation to ban products made with forced labour from being imported, exported and placed on sale within the bloc. It is called the Forced Labour Regulation – FLR for short. All stages of the upstream value chain will be considered — from extraction, harvesting to production and manufacturing. According to the International Labour Organization, over 27.6 million people worldwide are trapped in forced labour — 12% of which are children, who are frequently sexually exploited. Their work is generating some $236bn in profits each year. The Sustainable Development Goal (SDG) for forced labor is Target 8.7. It aims to: ✅ eradicate forced labor ✅ end modern slavery & human trafficking ✅ prohibit & eliminate all forms of child labor ✅ end child labor in all forms by 2025 Target 8.7 is part of SDG Goal 8, which revolves around decent work and economic growth. At Paragon Impact, we strive to fulfill the agenda of SDG 8. Our impact assessments and SDG Grading tool enable companies to identify any labour violations across their value chain and make meaningful progress towards SDG 8. Not only that, our impact analysts provide guidance to achieve outcomes of SDG 8 through creating learning and educational opportunities, cultural participation, social inclusion, employment, safety training, and management. Interested in learning more on how we can help your organisation? Book a free demo or reach out to our co-founders Brett Wallington and Philip Faure. . . . #esg #eu #regulations #sustainability #sdgs #labour #humanrights

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