Deepening Sustainability and Shared Value through a Child Rights Approach
The Canadian extractive industry is playing an increasing role in development: as a driver of economic growth in developing countries, a provider/funder of corporate social responsibility programs and in the evolving conversations on sustainability and shared value. The Ruggie Principles helped to conceptualize the framework for governments and business on responsible business practices. In turn, Save the Children, UNICEF and the UN Global Compact drew on the ten Principles of the UN Global Compact and the ’Ruggie Principles’ as the foundation, to articulate Children’s Rights and Business Principles.
By definition sustainable practices should be looking at the impact of economic, social and environmental development on children. When extractive companies, governments and civil society work for children it helps build strong, well-educated communities that are vital to a stable, inclusive and sustainable business environment. Putting children at the centre of sustainable planning ensures that there is a present and future lens on economic growth, a livable environment, and healthy, safe communities.
In this session, policy experts from Save the Children and UNICEF will present the Children’s Rights and Business Principles and elaborate on how a child’s rights lens can help extractive companies obtain a social license to operate, ensure better risk management, enhance reputation and brand value, build a motivated workforce, and invest in sustainable and inclusive markets. This session will examine how the Principles will help extractive companies address the materiality of child labour, safety in and around mining sites and environmental impact.