The World Economic Forum (WEF) on Thursday urged companies worldwide to intensify efforts to prevent forced labor, a pervasive issue that continues to effect approximately 27.6 million individuals, including 3.3 million children, highlighting the urgent need for action across economic sectors and nations.
According to the International Labour Organization (ILO), forced labor occurs when individuals are compelled to work through threats, violence, or deception, preventing them from refusing or escaping their employment. This practice affects many sectors, such as agriculture, construction, manufacturing, and domestic work, becoming entrenched within complex global supply chains. Vulnerable groups, particularly migrant workers, face disproportionate impacts from this exploitation, encountering heightened risks due to insufficient legal protections, discrimination, and language barriers.
The WEF emphasized the crucial role of businesses in combating forced labor, explaining that companies can effectively identify and address forced labor in their operations and supply chains by implementing comprehensive due diligence practices. Meaningful due diligence involves conducting risk assessments, closely monitoring labor practices, and collaborating with suppliers to ensure compliance with ethical labor standards, the WEF said. These measures are not merely corporate responsibilities but essential steps toward eliminating forced labor from the economic systems.
The WEF encouraged a more extensive collaborative approach that brings together businesses, governments, and civil society. Policies that safeguard workers’ rights promote equitable hiring practices, and support those affected by forced labor are vital in cultivating an environment where exploitation cannot flourish. For example, authorities can enhance labor regulations and enforcement mechanisms, while community organizations can raise awareness and assist survivors.
The ILO’s 2021 Global Estimates on Forced Labor highlight the extensive nature of the issue, indicating that it is not limited to any particular area or sector. Prevalence rates emphasize the global dimensions of this problem, and the report stresses that fundamental change is crucial to addressing underlying issues, including poverty, inequality, and poor governance.
According to the WEF, addressing forced labor is an ethical obligation and presents tangible benefits for companies. Businesses that actively confront exploitative practices can build stronger reputations, meet escalating consumer and investor expectations for moral conduct, and mitigate legal and financial risks associated with labor violations. Ethical labor practices are increasingly seen as a significant standard by stakeholders assessing a company’s social and environmental impact.
The WEF’s appeal underscores the critical need to eradicate forced labor and reminds us that achieving this goal requires continuous and collaborative efforts from all segments of society. By implementing extensive strategies and forming partnerships, companies can play a crucial role in the global fight against contemporary slavery, fostering dignity, fairness, and justice for workers everywhere. This collective endeavor addresses a significant human rights issue and contributes to the establishment of just and resilient economies that benefit everyone.
