Why Should Business Leaders Care About Abolishing Forced Labour?
Business leaders have a moral responsibility and a legal obligation to ensure their operations do not engage in or support forced labour. Beyond the ethical implications, there are several practical reasons to care:
Reputation Management: In today’s connected world, news about unethical practices can spread quickly, damaging a company’s brand reputation and consumer trust. Compliance: Many countries have stringent laws against forced labour. Non-compliance can lead to severe penalties, legal battles, and losses. Investor Relations: Ethical business practices attract socially responsible investors who are increasingly looking to invest in companies with strong ethical standards. Employee Morale: Employees prefer to work for companies that uphold high ethical standards, which can lead to higher employee engagement and retention.