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Name of Resource | NBIM Investor Expectations on Children’s Rights |
Type | Policy |
Country / jurisdiction | Global |
Enacting authority | Norges Bank Investment Management, a unit of the Central Bank of Norway |
Entry into force / date of approval | 14 January 2008 |
Description | The Norges Bank Investment Management Investor Expectations on Children’s Rights specify investor expectations for corporate performance with regard to preventing child labour and promoting children’s rights. They are especially directed towards corporations operating in high-risk sectors and high-risk countries. The expectations are based on criteria for preventive corporate action in regard to the worst forms of child labour, sustaining of the minimum age for labour, and promotion of children’s welfare. The Norges Bank Investment Management Investor Expectations on Children’s Rights strives to serve as a reference for investors who adhere to the principles of responsible investment, and can be used as an indicator of best business practices by corporations globally. The primary function of the expectations is not to blacklist or rank companies, but to serve as a point of departure for constructive dialogue between investors and companies, and to set a clear standard that companies globally must be expected to live up to. |
Availability | ENG: https://www.nbim.no/globalassets/documents/ownership/2008/expectations-childrens-rights.pdf |